XAUUSD Gold
H4 - We are observing a downward movement along a 3-wave structure on a higher timeframe. For further sales, you should be more careful and use small risks or a short SL beyond the breakdown of the trend line border, as a local correctional movement may begin.
What can you expect?
We expect the movement to continue to the levels of 1913 - 1902. You can try to enter from these values at the level of 1943; it is better to consider exiting the position when breaking through/fixing the trend line at H4 in order to prevent large drawdowns.
Short
Targets 1940.31 - 1935.18 - 1927.86 - 1920.65
H4 - We are observing a downward movement along a 3-wave structure on a higher timeframe. For further sales, you should be more careful and use small risks or a short SL beyond the breakdown of the trend line border, as a local correctional movement may begin.
What can you expect?
We expect the movement to continue to the levels of 1913 - 1902. You can try to enter from these values at the level of 1943; it is better to consider exiting the position when breaking through/fixing the trend line at H4 in order to prevent large drawdowns.
Short
Targets 1940.31 - 1935.18 - 1927.86 - 1920.65