There are three scenarios that can play out on asia open. Since stocks and everything crashed yesterday, Monday will most probably be a selling day as well.
Scenario 1 : If xauusd rejects 3040 than price will go down to tap 3031 and if it closes below 3031 than I'm expecting blow down to test 20-00.
Scenaio 2 : if xauusd bounce from trendline and closes above 3040 than price will go up to tap first 3049 and if it closes above it than 3070.
Scenario 3 : if xauusd rejects 3048-3052 than it will go down to tap 40-31-22.
Scenario 1 : If xauusd rejects 3040 than price will go down to tap 3031 and if it closes below 3031 than I'm expecting blow down to test 20-00.
Scenaio 2 : if xauusd bounce from trendline and closes above 3040 than price will go up to tap first 3049 and if it closes above it than 3070.
Scenario 3 : if xauusd rejects 3048-3052 than it will go down to tap 40-31-22.
Trade closed: target reached
Tp hit 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.