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Andre_Cardoso

(12h) Bearish crab pattern above the monthly fractal resistance

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Andre_Cardoso  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Harmonic Patterns
15
8
harmonicpatterns
XAUUSD

Projected at 1562 and above the monthly fractal resistance - one eventual bearish crab pattern extended at 161,8% fib extension.
The pattern formation will suggest a retracement which may put the price trading back to the 38% fib projected at 15173 (back to the weekly resistance now as potential support) and the golden fib as a second target projected at 1490.

- Happy New Year Traders!


Safe Trades,
André Cardoso

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