🌟 👑 LEVELS TO WATCH 👀 & WHY
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Hello Traders,
Let's turn our attention to the gold market, where an exciting trading opportunity is unfolding.
We simply cannot overlook this promising setup. Here's the analysis I have prepared for you:
On its daily chart, gold has formed an advanced harmonic pattern, specifically the 121 pattern. This pattern signals potential significant movements in the near future.
Currently, the price is hovering near the short entry level (EL) at 1928.69, presenting a potentially lucrative entry point for traders.
To manage risk effectively, consider setting protected stops at the following level:
- Stop (ST): 1955.15
As we embark on this trading journey, let's first focus on Target Zone 1, with the following objectives in mind:
- 62% of XC: 1833.05
- 79% of XC: 1800.49
If you found this insight helpful, we would appreciate your support with a like and a follow. This will enable us to continue providing you with quality analysis in the future. Thank you!
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