Get started

Harmonicforex

XAUUSD UPDATEGOLD has been rallying to the upside as we would expect during such uncertain times as investors look to gold as a safe haven asset. But the market is now over extended and i am expecting a corrective move. We can identify price is about to test a strong level of 1D supply, also on the 1D TF we can identify the price has formed a harmonic pattern in the form of a W formation, generally speaking the market tends to complete this pattern at the neckline giving us a intraday downside target, we will be monitoring price action on the lower timeframes and waiting for one of our valid entry confirmations inside of the level of supply before we can be potentially looking at capitalising on this corrective move to the downside.
OANDA:XAUUSDShort
by ITSCRYPTO1
1