Is GOLD ( XAUUSD) Confirms its Downtrends ? here are some signs!
XAUUSD lets find the some signs ,its seems that it is a downtrend move.
As GOLD looks forms wave 3 of Elliot 5 wave count.
UATD confirmed at 3304 , if it breaks blow will be confirm the markdown phase.
next down range may be 3250.it is also sell side liquidity level.
Trade Setup Suggestion:
Bearish Setup (High changes)
Entry Level around 3,310–3,323 (Retest of resistance + FVG)
Stop Loss Level: 3,330 (Above recent high)
Targets TP: 3255 (Elliott 3 Wave Target +Support Zone)
Bullish Setup Reversal (Low Chances)
Entry: Break & close above 3,330 + volume confirmation.
Stop Loss: 3240 (Below swing low)
Target 3400–3499 (Previous highs)
Hey traders , this is my opinion or analysis , if you have different kind opinion do comment .
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t.me/Mentorgoldmaster
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Disclaimer
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You Can Join My Channel for Further Update .
t.me/Mentorgoldmaster
t.me/Mentorgoldmaster
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.