XAUUSD MARKET OVERVIEW

On the 4 hour timeframe, Gold has been in a bullish trend, creating Higher Highs and Higher Lows. These Uptrends has been forming as a D leg completion of bearish Butterfly harmonic pattern.

Curently price is at a mini resistance creating liquidity just below the D leg of our pattern. Expecting liquidity to be grabbed, triggering entry of the harmonic and a drop from there.