$XAU #Gold hourly chart shows that the Libra pattern at the reversal zone experienced a sharp sell-off and the decline continued.


There was a close below 4336. On the 4-hour chart, as long as there is no close above 4515, the decline is likely to continue.
But if the decline persists, our strategy is ready. We have been monitoring the harmonic pattern for a long time. The reversal zone is the blue box between 4186-4140.
This area is a zone where buyers may come in.
Gold could initiate a new upward wave from here.
Its targets are 4512-4700-4800 levels. Stop level: a daily close below 4095.
XAU-3.05%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
BrotherMing
· 4h ago
First, around 4166 is definitely reachable.
View OriginalReply0
BrotherMing
· 4h ago
Gold might drop a lot if things go badly; I don't think 4,000 can hold, probably a rebound around 3,335.
View OriginalReply0