XAUUSD CONFORMATION

GOLD is pulling back to the major support level at 1900. The market is trading in a downward channel .

Price broke and closed below the major level at 1920, which gives the market a bearish sentiment. However

Price action prints the bullish harmonic pattern after a sell-off.

We look for short term counter-trend trade opportunities at the confluence level: support level + psychological number 1900 + harmonic pattern .


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