Our idea remains the same as yesterday however we are posting an adaptive analysis.
The price on XAUUSD has made a new ATH(All Time High) we are due for a pullback (at least 50%). Our new key levels are sitting at 2600, 2560, 2545, 2530. Our entry is at 2589. We are expecting the price to drop down to our Key Levels (KL). Every break of the new KL will result in deeper pullback. Stops are set at yesterday’s high. We must keep in mind that gold is still overall bullish and even if we see our KL4 (2530) we would still expect the price to go up from there.
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