XAUUSD CRAB BEARISH
XAUUSD its forming an advance harmonics pattern on its daily chart (Crab).
The price is trading a PCZ (pattern completion zone)
62% 1930.601 C&H is the first target for Gold where the price could have a negative outcome with the second set 79%: 1962.026 and above 'D' 314%: 1970.83.
100%: 2004.695 C&H
This doesn't mean the pattern will be valid without any rules of engagement.
Just an idea to take in consideration next week.
The price is trading a PCZ (pattern completion zone)
62% 1930.601 C&H is the first target for Gold where the price could have a negative outcome with the second set 79%: 1962.026 and above 'D' 314%: 1970.83.
100%: 2004.695 C&H
This doesn't mean the pattern will be valid without any rules of engagement.
Just an idea to take in consideration next week.
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This is The Cup & Handle Pattern
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1902.30 Key reversal level
1902.30 Will Tell if the price will resume the trend to the upside or will give a short signal.
1902.30 Will Tell if the price will resume the trend to the upside or will give a short signal.
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Following up
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XAUUSD is trading below the EL: 1921.97/
ST: 1949.52
Target1 24% AD: 1870.65
Target2 38% AD: 1821.45
ST: 1949.52
Target1 24% AD: 1870.65
Target2 38% AD: 1821.45
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