Several Harmonic Patterns to monitor
XAUUSD is testing 1300$ again as resistance.
If the Dollar will bounce from its current support zone (93.5$ in DXY) than perhaps 1300$ will be the top of Gold's latest rally.
In such case, the yellow pattern (Bat) can be an interesting pattern to watch in the coming days/weeks - completion near 1305$
If XAUUSD will break and close above 1300$, the next bearish patterns are:
Bearish Bat - completion near 1350$
Bearish AB=CD pattern (double) near 1400-1420$
Read more about Gold, SPY, EURUSD, DXY and other interesting charts in this week's newsletter
#WeeklyMarketsAnalysis in Twitter
If the Dollar will bounce from its current support zone (93.5$ in DXY) than perhaps 1300$ will be the top of Gold's latest rally.
In such case, the yellow pattern (Bat) can be an interesting pattern to watch in the coming days/weeks - completion near 1305$
If XAUUSD will break and close above 1300$, the next bearish patterns are:
Bearish Bat - completion near 1350$
Bearish AB=CD pattern (double) near 1400-1420$
Read more about Gold, SPY, EURUSD, DXY and other interesting charts in this week's newsletter
#WeeklyMarketsAnalysis in Twitter