XAU/USD (GOLD) HAVE A SHORT TERM BULLISHNESSXAU/USD (GOLD) will push higher from here or it will go upside from 38% area of fibo to around $1852 and after that, we will down for the finished triangle.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#XAU/USD #GOLD
Xauusdwave
GOLD WILL DOWN BEFORE UPGold goes down around to $1775 level before going for upside to making a C wave of B wave of the triangle. So we need to watch the $1775 level.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only.
All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
XAUUSD ShortXauusd forming bearish pennant on 4H wait for a breakout on 1H timeframe for our next trading opportunity.
A break and close below the 1755 area would open the door for the 1724-1700 area and 1680 in extension.
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This is just an idea, not financial advice.
XAUUSD Shorting Opportunity After Confirmation.Gold is currently in a descending channel.
Keep an eye on the 1855 Area for your next trading Opportunity.
👇 Follow for more daily forex content and education 💪
Good luck to you!
Don't forget to like and share, it really helps.
Stay tuned.
This is just an idea, not financial advice.
Key points of XAUUSDGold has been in the bearish trend, but got a reversal on all the moving averages on the upside. But this week being the NFP week, we will wait for a further fall. Mark the points and trend lines given in the chart for your next entries. The trades should not last for more than 2hours if you are an intraday trader.