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Stay Long on this incredible BUTTERFLY BEAR pattern. The reversal of this harmonic pattern will be awful, sadly. Have a good trading day! Trading Mickette from Germany ;-)
This chart show ABCD on XAUEUR buy opportunity for testing the area again, we have three targets, close 33.3% of the trade at each target, trade with care, cheers.
Possible uptrend until 1245.63 and bearish until 1148.24
These are to possible outcomes for XAUEUR to come. based on trendline support or the rejection of those :)
Any out there who wants to short gold, consider XAU/EUR. It seems to be creating a head and shoulders pattern on the hourly chart. EUR/USD's daily chart is flashing bullish conditions. Meanwhile, markets have already priced in three Fed rate cuts for 2019. So upside in Gold ($) looks limited. Hence, GOLD/EUR looks overdue for a price pullback. A break below...
XAUEUR Target Level 1186.258 for pennant pattern.
Inverted H&S in XAUEUR Testing 1170. Also Bullish MACD Divergence.
Sell analysis above. For any help check my status. Please comment or like for your support