XAU/USD (GOLD) | $1855 and $1825 - is it real?

👋Hello Traders!

📉 #XAUUSD has formed a local maximum of $2070.00 and has been going to the support level of $1916.50 for a whole month, forming a strong signals for going down. These are D1 "Triangle" and W1 "Double Top". As soon as #USD continues its growth, we expect that #XAUUSD breaks through $1920.00 and fall to our target levels.

📊We recommend Sell Stop from the level of 1885.00-1880.00 or using orders by the hand after the confirmation of the breaking out of the support level 1916.50, Stop Loss 1950.00/1970.00.

Who sells with us? 🙃

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DISCLAIMER:
This idea is not a trade recommendation, it has an informational purpose. The trader independently analyzes and decides whether to use this information.

Comment:

Before the main downward movement, gold made its necessary correction to the level of 1996, now it is ready to break through its support level of 1916, as We discussed it with you on April 06, 2022.

The relevance of this trading recommendation remains unchanged.
We correct the data of our goals: