Bearish AB=CD on H1 Chart.
I have shorted XAU at 1528. Stop: 1532
Downside 1523 and 1515 are target levels.
Fundamentally Gold is very strong as safe haven. Latest US and China Tariffs heated the trade wars.
1.515 is strong support and bullish move is likely to continue as long as the price holds above 1515.
A firm closing above 1534 would send the price 1539 1.549 and 1.562.
On the bigger charts, Bearish Crab is validated.
Because of the wide area of the entry, we would not trade this pattern.
I have shorted XAU at 1528. Stop: 1532
Downside 1523 and 1515 are target levels.
Fundamentally Gold is very strong as safe haven. Latest US and China Tariffs heated the trade wars.
1.515 is strong support and bullish move is likely to continue as long as the price holds above 1515.
A firm closing above 1534 would send the price 1539 1.549 and 1.562.
On the bigger charts, Bearish Crab is validated.
Because of the wide area of the entry, we would not trade this pattern.
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