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$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.