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$XAU #Gold, as you know, we have been preparing this harmonic structure for a long time under it. We have built our strategy and we are waiting. If it falls into the blue box below, this will be the reversal zone of the formed pattern.
4186-4140 levels are the blue box reversal zone. This is a zone where buyers can come. Gold can start a new upward wave from here.
The targets are 4512-4700-4800 levels. Stop level: a close below 4095.
At the moment, on the 4-hour chart, we are tracking the 4515 peak; unless a close above it occurs, there is a possibility that the decline will continue.