Thursday, October 15, 2026

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FxWirePro: Gold forms Bullish Bat pattern, good to buy at dips

Harmonic Pattern formed - Bullish Bat Pattern Potential reversal Zone (PRZ) - $1230 Gold has made a high of $1277 and started to retreat from that level. It is currently trading at $1252. On the higher side major resista…

By Lis Howell
1 min read
FxWirePro: Gold forms Bullish Bat pattern, good to buy at dips
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  • Harmonic Pattern formed - Bullish Bat Pattern
     
  • Potential reversal Zone (PRZ) - $1230
     
  • Gold has made a high of $1277 and started to retreat from that level. It is currently trading at $1252.
     
  • On the higher side major resistance is around $1280 and break above confirms minor trend reversal , a jump till $1300/$1325.
     
  • On the lower side minor support is around $1247 and break below targets $1240/$1230 in short term.

 It is good to buy at dips around $1230 with SL around $1220 for the TP of $1275/$1283

 

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By FxWirePro Team