XAUUSD Hikkake Pattern Rejecting Daily Support Zone

GOLD Tested its support zone and rejected the price level with a bullish candle last day. Last three day price action created a specific pattern named HIKKAKE. Its a 3 Bar Hikkake formation. We can see a false breakout of Base Candle on lower side. Price likely to shift its momentum from here. The daily support zone overlap with the weekly support zone which make this confluence more strong.

 

Weekly

Weekly

 

Daily

Daily