In my previous analysis, I mentioned 2 sell zones in XAUUSD that, back then, was rallying towards them. XAUUSD couldn't overcome the 1150$ level and declined back towards its uptrend line creating possible bullish opportunity. 1100$ is the key support zone here (1100-1110$). 1. It is s structure zone (now support) 2. Price will meet the uptrend line 3. In case that it'll spike lower, there's a Gartley pattern completion near 1090$
Why I mention the spike scenario for point 3? Cause if the price will complete the pattern, it'll be below the trend line, potentially providing a bearish signal. Only a spike and a close back up above 1100$ will be considered (by me) as possible bullish signal.
Potential targets - 1150, 1170-1180 and 1200 (completion of bearish Gartley)
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