XAUUSD Bullish retracement for D1

Updated
Hi traders,

Although we are holding XAUUSD/ Gold short positions from our previous analysis, we see an opportunity to long the pullback formed by a completed ABCD bullish trend hike considering that we are currently oversold on the lower timeframes. We have been selling to 1628 on the lower timeframes and see an opportunity to take advantage of this pullback. Please share your thoughts.

Discalimer
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Trade closed: target reached
AB=CDChart PatternsGoldharmonictradersTrend Analysisxauusdlong

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