GOLD: Short term rally continuation?
To try to make sense of our analyses, let's go back to the last big picture we followed on hourly chart last week: the Harmonic.
💡 As we have shared in various updates, our bearish Target 2 could have triggered some reaction:
💡 We have also seen an interesting cluster on daily chart, with potential corrective structure completion:
💡 Another Potential Reversal Pattern we followed last week is a "Bullish Hammer":
📊 From a technical point of view, the upcoming Asian session could be our main driver in short term and the early opening hours could see the Bulls and the Bears play an important game. In conclusion, as long as these Patterns do not fail, an interesting bullish leg could appear in the short term. Harmonic Traders may also want to see their target around 38.2% Fib reached, but I hope we can go higher to confirm bullish impulse structure.
(new updates will follow in the next few hours)
Like to support my work.
Trade with care!
💡 As we have shared in various updates, our bearish Target 2 could have triggered some reaction:
💡 We have also seen an interesting cluster on daily chart, with potential corrective structure completion:
💡 Another Potential Reversal Pattern we followed last week is a "Bullish Hammer":
📊 From a technical point of view, the upcoming Asian session could be our main driver in short term and the early opening hours could see the Bulls and the Bears play an important game. In conclusion, as long as these Patterns do not fail, an interesting bullish leg could appear in the short term. Harmonic Traders may also want to see their target around 38.2% Fib reached, but I hope we can go higher to confirm bullish impulse structure.
(new updates will follow in the next few hours)
Like to support my work.
Trade with care!
Note
Trade fermée: cible de profit atteinte
✅ Harmonic Target hit...Note
🔔Price Action seems to follow our swing correctly (2 flat+1 deep)
Clause de non-responsabilité
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.