1012 GOLD a new chance for mid-term buyersGoldOANDA:XAUUSDFUNTRADER-VeraHello traders, Gold Entry Opportunities Analysis (Harmonic Pattern + Fundamentals) 1. Key Harmonic Pattern Structure Verification - Proportions: - XA wave (Uptrend): Magnitude of 1.359; - AB wave (Pullback): Retraces 0.794 of XA (aligns with the Bat Pattern’s AB = 0.618-0.786 of XA); - BC wave (Rebound): Extends 1.102 of AB (aligns with the Bat Pattern’s BC = 1.13-1.618 of AB); - CD wave (Decline): Currently retraces 0.904 of BC (close to the Bat Pattern’s CD = 0.886-1.13 of BC). The pattern is nearly complete. The target support for the CD wave corresponds to the 4170-4175 zone (overlapping with prior technical support). 2. Long Entry Opportunity (High-Level Consolidation + Breakout Bias) Gold is currently in a high-level consolidation phase (trading within a tight range after recent gains). Entering long at the 4170-4175 support zone not only targets the short-term rebound (to 4220), but also positions for a medium-to-long-term breakout: - Entry Conditions: Price stabilizes in the 4170-4175 zone (confirmed by bullish candlestick patterns, e.g., hammer/engulfing) + RSI (current 45.13) rebounds above 50. - Stop Loss: Below 4163 (the starting point of the XA wave, a critical prior support level). - Targets: 1st target: 4220 (the high of the BC wave); 2nd target: 4250+ (driven by the Fed rate cut narrative). 3. Fundamental Resonance Current Fed rate cut expectations + the “dual buffer” from potential BOJ tightening limit deep short-term declines in gold. The harmonic support zone (4170-4175) coincides with the fundamental “pullback buying zone,” making it a high risk-reward long entry level. GOOD LUCK! LESS IS MORE!