Get started
kirel

Long term retreat for gold

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
kirel  
FX:XAUUSD   Gold Spot / U.S. Dollar
Harmonic Patterns Wave Analysis Alternate Bat XAUUSD xauusdshort fx
3
1
harmonicpatterns waveanalysis alternatebat xauusd xauusdshort fx
A perfect alternate bat formation is seen on the monthly chart.
This situation is remarkable for gold investors.
It is seen that the first withdrawal target is 1711.14(.382) and the second is 1486.35(.618).
2074.98 point is the stop level. Reaching this point without going to the targets can be good news for investors.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.