Market structure is down, - rising intent - Price reached D leg completing a nice butterfly pattern,, gunning to hit 38.2 and or 68.1 which is our TP targets for butterfly pattern...
Price reached 4H resistance, and completing shark pattern at this supply.... The sellers could open position @ rejection of this level
We have a sturdy bearish trend, though price is trying expand up and technical indicators are contrasting bearish movement. A bullish break of this 4H channel would mend the bullish momentum. The buyers could target 1.20248 and or 127.Ext which would be D leg completion of Gatley pattern.
Market has pulled down to identified level of support and holding @ 38.2% Fib Retracement, w'll be looking for a buy setup
A pullback to our channel support trend-line and previous resistance now acting as support before price could push-up to D leg of shark pattern.
Gold has reached our upthrust after distribution level, we will be targeting the Daily support.
Price is approaching our PRZ at our D leg completion of a Bat pattern.