Looking at the weekly timeframe, XAUUSD has been playing around the major rejection zone (overhead supply) for a few days now.
From here, we have an opportunity for a SHORT at the top of zone from the D completion of the bearish butterfly pattern and at the top border of the ascending triangle. A tight stop in case price breaks the supply zone. TP is at minor support or let it run until 1300-1230 levels.
A long opportunity on a minor support in confluence with a bullish Gartley pattern.
Caveat!
Nota
Price breaks the 2018 overhead supply and approaches 2013 overhead supply at 1400 -1430 levels.
Short trade stopped out. Long trade setup is now invalidated.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.