Gold Spot / U.S. Dollar
Short
Updated

Gold might fall

524
Am looking for a sell setup on the current market structure. Fundamentals might be the opposite and the market can shoot upside am not ignoring that part but I don't trade that way, I'll avoid any buy setups and focus on sells.

This down wave might break the bullish trend and move a little far and this is based on technical wave analysis and market structure. only a correction can make this shoot upside in case this market wants to shoot upside.

The levels:
  • 2370
  • 2350
  • 2313
  • 2281


Follow the plan and wait for your setup
And as always, market wins
XAUUSD XAUUSD
Note
This will be my technical possibility for buy opportunity with levels as mentioned in the chart where market can shoot up if market react and gives minor TF confirmations
snapshot
Trade closed: target reached

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.