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Gold Spot / U.S. Dollar

(4h) The eventual recovery of the monthly fractal support (1764)

By Andre_Cardoso
Updated
XAUUSD

Gold, now trading below the major support forged at 1764 and approaching the bullish butterfly pattern completion point projected at 1711.
The pattern, if formed, will suggest a bounce towards the daily fractal resistance positioned at 1816 - the 38% fib (+6.15%)
Note
snapshot
Chart PatternsHarmonic Patternstrendlinestructure
Andre_Cardoso
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