themarketzone

Several Harmonic Patterns to monitor

FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD is testing 1300$ again as resistance.
If the Dollar will bounce from its current support zone (93.5$ in DXY) than perhaps 1300$ will be the top of Gold's latest rally.
In such case, the yellow pattern (Bat) can be an interesting pattern to watch in the coming days/weeks - completion near 1305$

If XAUUSD will break and close above 1300$, the next bearish patterns are:
Bearish Bat - completion near 1350$
Bearish AB=CD pattern (double) near 1400-1420$

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