$XAU Gold unfortunately closed below the 4512 level.


As long as it does not close above the 4590 level, the inverse Cup & Handle pattern remains active and the target is the blue box below.
If it reaches the target, a harmonic Bat pattern will form. The pattern is upwardly oriented. The 4186-4140 blue box area is a zone where buyers may come according to the pattern.
Targets are 4512-4700-4800 levels. The stop level for the pattern is a daily close below 4095.
In upward movements, to say that buyers have strengthened, it must first close above the 4776 peak.
XAU-1.56%
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