Hello and welcome to this analysis on XAUUSD (Comex Gold)
Today its at the PRZ of a Bearish Harmonic Cypher in weekly time frame.
4 hourly candle close below $1970 would trigger a sell signal. Until then wait and watch.
The next Bearish Harmonic Pattern is a Deep Crab which has a PRZ around $2060
Harmonic Patterns are v early contra signals, traders can wait for Price Action confirmation before initiating a trade.
Today its at the PRZ of a Bearish Harmonic Cypher in weekly time frame.
4 hourly candle close below $1970 would trigger a sell signal. Until then wait and watch.
The next Bearish Harmonic Pattern is a Deep Crab which has a PRZ around $2060
Harmonic Patterns are v early contra signals, traders can wait for Price Action confirmation before initiating a trade.
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