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.
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.
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