We're looking at another cypher pattern but this time on the 4h chart with XAU/USD, this is an excellent long opportunity with 1:2 risk to reward... Don't miss out on this one!
The D point forms at a major level of support, I'm expecting price to stall out on this level... This could be a pullback before continuing the bigger picture.
The measurements for a valid cypher are detailed below. B: 0.382 - 0.618 C: 1.272 - 1.414 X to D: 0.786