Get started
TradeChartPatternsLikeThePros

🌟 👑 LEVELS TO WATCH 👀 & WHY

Short
Gold Spot / U.S. Dollar (PEPPERSTONE:XAUUSD)  
TradeChartPatternsLikeThePros Updated   
PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
Fibonacci Harmonic Patterns Chart Patterns 121pattern tradechartpatternslikethepros
12
6
fibonacci harmonicpatterns chartpattern 121pattern tradechartpatternslikethepros

Hello Traders,

Let's turn our attention to the gold market, where an exciting trading opportunity is unfolding.

We simply cannot overlook this promising setup. Here's the analysis I have prepared for you:

On its daily chart, gold has formed an advanced harmonic pattern, specifically the 121 pattern. This pattern signals potential significant movements in the near future.

Currently, the price is hovering near the short entry level (EL) at 1928.69, presenting a potentially lucrative entry point for traders.

To manage risk effectively, consider setting protected stops at the following level:
- Stop (ST): 1955.15

As we embark on this trading journey, let's first focus on Target Zone 1, with the following objectives in mind:
- 62% of XC: 1833.05
- 79% of XC: 1800.49

If you found this insight helpful, we would appreciate your support with a like and a follow. This will enable us to continue providing you with quality analysis in the future. Thank you!

snapshot


Comment:
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:
Comment:

Related Ideas

TradeChartPatternsLikeThePros
GOLD👑 (XAUUSD) KEY LEVEL TO WATCH 👀AND WHY
TradeChartPatternsLikeThePros
XAUDUSD GOLD LEVELS TO WATCH AND WHY H&S PATTERN
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.