$XAU #Gold has not confirmed a reversal in the 4186-4140 zone, which is the turnaround area of the harmonic pattern we have been monitoring for a long time, and a close below this level has occurred. The harmony has been disrupted. However, gold is still in a zone where buyers could strengthen.


The support zones we will monitor are 4023-3898 levels. When we receive a reversal confirmation at support, a rise is expected again. This zone is an area where buyers can come in.
On the 4-hour chart, if it stays above 4120, we will follow the 4366 peak; if a close occurs above it, the rise could continue up to 4598 levels. Staying above this level will be a sign that the upward movement will continue.
XAU-1.88%
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned