Gold/US Dollar 4 hour chart possible XABCD pattern.

Short

Or / Dollar Américain (FX_IDC:XAUUSD)

Mis à jour

FX_IDC:XAUUSD Or / Dollar Américain

Gold US xabcd confirmedreversal confirmedtrend Support and Resistance 4hours 240mins

gold us xabcd confirmedreversal confirmedtrend supportandresistance 4hours 240mins

There seems to be this possible XABCD pattern that will be occurring when the market hits the resistance level. This is a possible reason on why it may reverse at this level, it is due to the fact that the when formation hit A at that level, prices started to go underbelly aggressively so I am hoping for a move similar to that previous downtrend.

Two profit targets have been marked for the viewer.

Commentaire:

Could also be a inverted H&S formation about to occur as well....apologies for not pointing this out earlier folks.

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.