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chiefcapitalfx

Gold/US Dollar 4 hour chart possible XABCD pattern.

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Guld / USA-dollar (FX_IDC:XAUUSD)  
chiefcapitalfx Uppdaterad   
FX_IDC:XAUUSD   Guld / USA-dollar
Gold US xabcd confirmedreversal confirmedtrend Support and Resistance 4hours 240mins
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gold us xabcd confirmedreversal confirmedtrend supportandresistance 4hours 240mins
There seems to be this possible XABCD pattern that will be occurring when the market hits the resistance level. This is a possible reason on why it may reverse at this level, it is due to the fact that the when formation hit A at that level, prices started to go underbelly aggressively so I am hoping for a move similar to that previous downtrend.

Two profit targets have been marked for the viewer.

Kommentera:
Could also be a inverted H&S formation about to occur as well....apologies for not pointing this out earlier folks.
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