Gold has completed a Bullish Bat harmonic pattern on the 2-hour timeframe, with price reacting strongly from the D completion zone. Buyers have stepped in with momentum, suggesting the corrective phase may be ending and a bullish continuation could be developing.
The recent breakout above the immediate resistance area confirms increasing buying pressure. As long as price remains above the highlighted support and stop-loss zone, the bullish outlook remains valid.
Technical Outlook:
Pattern: Bullish Bat (Completed at Point D)
Timeframe: 2H
Bias: Bullish
Entry Zone: Around the current market price after confirmation.
Stop-Loss: Below 4,073, invalidating the harmonic setup if broken.
Target: 4,208, aligning with the projected harmonic completion and previous resistance.
A sustained move above the recent swing highs could accelerate bullish momentum toward the target. However, a break below the stop-loss level would invalidate the setup and increase the probability of further downside.
Key Levels
Buy Zone: 4,100–4,106
Stop-Loss: 4,073
Target: 4,208
📈 Trade Idea: Bullish Bat Pattern | Buy the retracement while price holds above support, targeting the 4,208 resistance zone.
The recent breakout above the immediate resistance area confirms increasing buying pressure. As long as price remains above the highlighted support and stop-loss zone, the bullish outlook remains valid.
Technical Outlook:
Pattern: Bullish Bat (Completed at Point D)
Timeframe: 2H
Bias: Bullish
Entry Zone: Around the current market price after confirmation.
Stop-Loss: Below 4,073, invalidating the harmonic setup if broken.
Target: 4,208, aligning with the projected harmonic completion and previous resistance.
A sustained move above the recent swing highs could accelerate bullish momentum toward the target. However, a break below the stop-loss level would invalidate the setup and increase the probability of further downside.
Key Levels
Buy Zone: 4,100–4,106
Stop-Loss: 4,073
Target: 4,208
📈 Trade Idea: Bullish Bat Pattern | Buy the retracement while price holds above support, targeting the 4,208 resistance zone.
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free join my telegram channel
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t.me/+pY0XdK8LAWM0MDE0
t.me/+pY0XdK8LAWM0MDE0
t.me/+pY0XdK8LAWM0MDE0
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.