Heribud
Strong support level at 1.0070/1.0020 area Bullish divergence on macd First target @1.0185
I am bearish on Gold after it fails to break through 1210 Resistance Area. If you see the W1 chart, it is an important S/R, this level has been tested a few times in the past. Now it seems to me that Gold is rolling over in Hook pattern, which gives me bearish bias.
A butterfly pattern is in the making near Resistance level (check your D1)
Cypher in Pink vs H & S Pattern in green. one of them should play out nicely.
Cypher pattern showing Short opportunity. Red Line is D1 Resistance Blue is H4 Resistance SL shoud be above Red Line
Reasons to take Long : - Strong UPtrend - Wait for retracement to previous support - Confluence with Fib 38.%