Another possible pattern is bullish Pennant pattern with XAUUSD. But becareful, there is another idea to down with xauusd.
Reason 1: Enough retracement level Reason 2: Fibonacci retracement level Reason 3: DXY is strong enough after huge drop Reason 4: It is still bearish market now.
Reason 1: 12345 + ABC pattern Reason 2: Enough impulse, now it is time to going back retracement level Reason 3: Resistance level
1)Before reach 1788, xauusd is goind to down. Reason : it need to back to enough retracement level(fibonacci level) 2)After reach retracement level, xauusd is going to reach 1788. 3) main point is 1788 level, if cross level, downtrend will be broken with big time period and xauusd is going to up. if do not cross level, downtrend is going to continue.
GBPUSD is going after once bounce. Reason 1: It is need to pull back with big period Reason 2: It is not enough strong to dropdown now, that is why need to bounce.
Reason 1: Strong resistance zone Reason 2: Strong key resistance (Previous month mid and daily open) Reason 3: DXY is going to make double bottom pattern
Reason 1: Imbalance and order block resistance. Reason 2: Strong resistance with multiple point. Reason 3: USD index is going to up
Reason1: strong tunnel resistance. Reason2: USD is strong growth Reason3: Strong level resistance. SL: 1652 TP: 1534
Reason 1: Strong support Reason 2: Tunnel support Reason 3: Fibonachi support
Reason1: Strong support Reason2: Double top Reason3: Bearish Order block TP: 1634 SL: 1660
Reason1: Strong resistance zone. Reason2: Fibonacci resistance zone. SP: 1661 TP: 1632
US30 going to down. Reason: Strong resistance from top. USD currency index is strong support. TP1: 30034 TP2: 29681
Gold is going to up. Reason 1: Strong support line and finocchi. Reason 2: Strong Divergence with 1H, 4H and 1 Day.
XAUUSD going to up. Reason: Strong support and Fibonacci support.
Gold going to up. Reason: It is going to bounce on support line and middle of Bollinger band.
Gold going to drop. Reason: There is string resistance. Tp: 1658
Gold going to bounce with strong support. Another reason: DYX is going to down. There is divergence with big time period.
It is bounced on 200 moving average in 1H, 50 moving average in 4H and Fibonacci. TP : 145.6