FxWirePro
Long

Gold forms bullish Bat pattern

FX:XAUUSD   Gold/U.S. Dollar
414 0 8
Harmonic Pattern Formed - Bullish Bat Pattern

Potential Reversal Zone (PRZ)- $1200

The yellow metal has slightly recovered after making a low of $1208. It is currently trading around $1217.90

Short term trend is slightly bullish as long as support $1200 holds.

Any break below $1200 will drag the commodity down till $1180/$1170. Short term bullish invalidation only below $1170.

On the higher side major resistance is around $1225 and break above targets $1240/$1250/$1261.

It is good to buy at dips around $1210 with SL around $1200 for the TP of $1240/$1250
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out