GOLD/USD suggests a potential reversal from point D downward.

3 gün önce

🟢 Chart Instrument

Symbol: CFDs on Gold (US$/OZ) – XAU/USD

Timeframe: 4H (4-hour candles)

Platform: TradingView



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📐 Harmonic Pattern

The chart displays a Bearish Gartley pattern, typically identified by the labeled points X-A-B-C-D.

This pattern suggests a potential reversal from point D downward.

Fibonacci ratios are visible:

AB = 0.618 retracement of XA

BC = 0.886 retracement of AB

CD = 1.27–1.618 extension of BC


Pattern completes at point D (where the short trade is suggested).



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📉 Trade Setup (Short/Sell Bias)

Entry Zone: Around 3,415 – 3,520 USD (highlighted red zone)

Target Zone: Near 3,135 USD (marked “TARGET”)

Stop Loss Zone: Above 3,520 USD (indicated in red box)

Expected Movement: Sharp drop from resistance area to target support zone.



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🧱 Support Zones

Two key support levels are marked:

1. First target zone at ~3,135


2. Broader support range: 3,000 – 3,080



These support levels are likely areas where price could reverse or consolidate after falling.



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📆 Timeframe Focus

The projection extends toward Wednesday, June 25, suggesting this is a medium-term swing setup over the coming 1–2 weeks.



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✅ Summary

Pattern Type: Bearish Gartley

Action Plan: Wait for price to hit entry zone (point D), then short with target at 3,135.

Risk/Reward: Clearly defined with stop-loss and target zones

3 gün önce

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