Commodities ForecastForecastsXAUUSD Gold Forecast
XAUUSD Gold Technical Overview and the Key Levels
XAUUSD Gold Technical Overview and the Key Levels
I have updated the H1 chart.
The U.S retails sales data was worse than expected. This would Gold prices to recover.
We keep our medium-term forecast unchanged.
Intraday Overview:
Bearish Dragon completed at 1493.50.
Bearish pressure remains below 1493.
If Gold price breaks above 1493.50, it is likely to test 1500.
A potential breakout of 1500 resistance, could send the prices towards 1508 $.
Gartley and ABCD patterns would be completed at 1508 – 1510. Those patterns can be used as selling opportunities.
I will update and send entry notification for the members.
Important Note: New patterns may appear and some emerging patterns may become invalidated. We publish our live charts D1 H4 H1 and M30 with updates and entry alerts. – Members Only –
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Gold Forecast: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses, and costs associated with investing, including total loss of principal, are your responsibility
