XAU/USD - Bearish Bat

١٥ يناير ٢٠١٩

Traders, today we have XAU/USD on the daily chart with a valid bearish bat pattern.

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
XA Retracement: 0.886

Price has yet to confirm the PRZ which consists of a 1.618 AB=CD, 2.618/3.14 BC and 0.886 XA retracement.

Once the final 0.886 measurement has been confirmed we need to analyse price action in this zone to determine the extent of the reversal.

Have a good week everyone!