Interesting Gold pattern ! for FX:XAUUSD by Moshkelgosha

Multi-Timeframe Analysis:

Hourly Chart: At the middle of the downward regression channel (Neutral)

Daily Chart: Inside bar after at 0.381 Fibo level.(Neutral)

Weekly Chart: At the middle of the downward regression channel (Neutral)

Important Weekly pattern: in the past 127 weeks, gold has never closed at lower levels for four consecutive weeks..!

Monthly Chart: Rejection from 1800 level.( Bearish )

Conclusion: Neutral is the most probable scenario, Fluctuation between 1740-1785.

Since gold has been closed at lower levels in the past 3 weeks, closure above 1750 level is very probable..!

Good opportunity for Binary option trading!


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