Hello traders and welcome. Today we are taking a look at gold, presenting a great trading opportunity. The price has formed an advanced harmonic pattern, specifically a crab bullish pattern, on its hourly chart. The price is currently trading above the long entry level at 1994.72.
To manage risk, we place the stop below point 'D' at 1990.89.
Target 1:
38% AD: 2009.98
62% AD: 2021.36
To manage risk, we place the stop below point 'D' at 1990.89.
Target 1:
38% AD: 2009.98
62% AD: 2021.36