Gold has encountered strong support on at 1915 Level, with several repeated tests of that support despite strong data coming out during NY session
From Harmonic pattern perspective, we have a Bullish Bat Pattern completing at that level 1917 level, corresponding with other confluences such as trendlines, and 50% fib retracement on the 4hr chart from the previous uptrend.
I expect price to retest resistance at 1948-1950 level before continuing lower.
From Harmonic pattern perspective, we have a Bullish Bat Pattern completing at that level 1917 level, corresponding with other confluences such as trendlines, and 50% fib retracement on the 4hr chart from the previous uptrend.
I expect price to retest resistance at 1948-1950 level before continuing lower.