Thursday, October 15, 2026

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FxWirePro:Gold forms Bullish Shark Pattern, good to buy at dips

Harmonic Pattern - Bullish Shark pattern Potential Reversal Zone (PRZ) - $1211 The commodity has broken major support $1235 and declined till $1225 at the time of writing. It is currently trading around $1227. Short term…

By FxWire Pro
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FxWirePro:Gold forms Bullish Shark Pattern, good to buy at dips
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  • Harmonic Pattern - Bullish Shark pattern
     
  • Potential Reversal Zone (PRZ) - $1211
     
  • The commodity has broken major support $1235 and declined till $1225 at the time of writing. It is currently trading around $1227.
     
  • Short term trend is slightly bullish as long as support $1211 holds.
     
  • On the lower side minor support is around $1225 and any break below targets $1218/$1211 in short term. 
     
  • The major resistance is around $1235 and any indicative break above targets $1245/$1252/$1255.

It is good to buy at dips around $1218-$1220 with SL around $1210 for the TP of $1251/$1255
 

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By FxWirePro Team