$XAU Gold continues to move within the 4590-4456 range.


If it closes above the 4590 level, there could be another upward move toward 4700. If it cannot stay above 4776, this rise is still considered a reaction to a decline.
If it stays below 4456, the inverse Cup & Handle pattern is active and targets the blue box below.
When the pattern reaches its target, a Harmonic Bat pattern forms. This pattern is upward trending. The 4186-4140 blue box is the reversal zone of the pattern and an area where buyers may come in.
Its targets are 4512-4700-4800 levels. Stop level: a daily close below 4095.
In an upward move, to say that buyers have strengthened, there must first be a close above the 4776 peak.
XAU0.3%
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GateUser-9c9ceef7
· 1h ago
Nonsense, what are you talking about?
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