msk_analysis

Multiple Harmonic Pattern in Gold - Bullish

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
There are multiple harmonic patterns in Gold, bullish ones

SL and Target mentioned in the chart

For ones who trade in gold may be a good opportunity

For Traders who trade in the Indian index Nifty / Bank Nifty, they may take a cue from this as Gold and the Indian index are usually inversely proportional.i.e., if gold increases nifty decreases and vice versa

Every analysis is a hypothesis based on certain conditions. If SL condition triggers - hypothesis would be deemed wrong

Happy Trading
MSK

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