If we look at XAUUSD we can clearly see gold is in downtrend but anytime we can expect some correction
According to my setup , gold is aiming for 1809 and 1814 but before reaching that level we can expect some retracement because on 4H chart there is a divergence on AO which shows a sign for the reversal
Retracement levels
1833 ,1839
Trading is not about prediction so targets may change at anytime so always have backup plan to react smartly
Note :This is my personal opinion, do not take it as financial advise to react smartly.
According to my setup , gold is aiming for 1809 and 1814 but before reaching that level we can expect some retracement because on 4H chart there is a divergence on AO which shows a sign for the reversal
Retracement levels
1833 ,1839
Trading is not about prediction so targets may change at anytime so always have backup plan to react smartly
Note :This is my personal opinion, do not take it as financial advise to react smartly.
Note
1814 done while i am posting ideaNote
1809 DONE
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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.
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.