XAU 4h

3 de nov. de 2023

There are two possible scenarios here. First, if we consider 2007 as the head and 1996 as the left shoulder, then we should expect a fall from the area of 1991-1996. We consider that it actually forms the left shoulder. In this case, the price will stabilize above the range of 1993 and then move towards 2024. Keep in mind that the break of the 1970 area means the break of the neck line. In this case, the price will quickly return to the range of 1963. And then it reaches 1934. Good luck