XAUUSD Gold And DAX30 Technical Overview
Stimulus optimism … Stimulus pessimism…
Markets are crazy.
We go back to our technical overviews:
As mentioned in my previous chart which I have shared with you, Gold reversed from the support line.
It is testing the fractal line resistance. If it breaks and closes above the fractal line, we may talk about a new rally.
However, we need to see a closing above 1922 horizontal support.
Upside targets are mentioned on the chart by the green lines.
Cycle Sniper Set1 is breaking above the 0 line. And this can be a confirming indicator of the new rally.
If, the price rejects the resistance and breaks down the support,it is likely to test 1875 and 1855 shorter term.
13125 MM Resistance. Bearish ABCD and Gartley Pattern
It is likely to test 12970 ( MM and Broken Fractal )
But we need to see a closing below 12970 for further decline
Looking at CS and harmonics from a different point of view… less risky selling opportunity is 13280 …
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