KamalFX

GOLD BAT PATTERN X SUPPLY

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Same old same old, price is hopefully about to complete a bat pattern which is lining up with a supply zone. Price has been making lower lows and lower highs so we are currently in a bearish trend and price is pulling back to key structure which also lines up with the 38.2/50 Fibonacci retracement level.

So we have a bat pattern completion, a supply zone, the 38.2/50 fib level and key structure, in fact if you keep scrolling left you will see how many times price has reacted off of this structure level.

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