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$XAU #Gold has reached the blue box (4186-4140), which is the reversal zone of the harmonic pattern we have been monitoring for a long time. Here, initial buying reactions have started, but there is also a possibility of some hesitation in this region.
It will give us more signals to confirm the reversal.
Once we receive confirmation, a rise is expected again. This region is a zone where buyers may come in.
Our strategy is clearly defined:
The 4186-4140 range is the reversal zone.
Our targets are 4512-4700-4800 levels.
Stop level: a daily close below 4095.
On the 4-hour chart, we are watching the 4366 peak; if a close above it occurs, the upward movement could continue up to 4598.
Sustaining above this level will be a sign that the rise will continue.