(12h) Bearish crab pattern above the monthly fractal resistance
XAUUSD
Projected at 1562 and above the monthly fractal resistance - one eventual bearish crab pattern extended at 161,8% fib extension.
The pattern formation will suggest a retracement which may put the price trading back to the 38% fib projected at 15173 (back to the weekly resistance now as potential support) and the golden fib as a second target projected at 1490.
- Happy New Year Traders!
Safe Trades,
André Cardoso
