(4h) The eventual recovery of the monthly fractal support (1764)

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

Updated

OANDA:XAUUSD Gold Spot / U.S. Dollar

Harmonic Patterns Chart Patterns trendlinestructure

harmonicpatterns chartpattern trendlinestructure

XAUUSD

Gold, now trading below the major support forged at 1764 and approaching the bullish butterfly pattern completion point projected at 1711.
The pattern, if formed, will suggest a bounce towards the daily fractal resistance positioned at 1816 - the 38% fib (+6.15%)

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