CollegeofPips

XAU/USD Might Be Smashed By Sellers πŸ”¨ πŸ”¨ πŸ”¨

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
πŸ’‘ Trade Idea

πŸ“‰ Sell Limit XAU/USD @ 1825.05

🎯 Target Profit 1799.44

πŸ›‘ Stop Loss 1837.78

❌ Do not risk more than 1 % of your account on each trade

πŸ™‚ Good Luck !

Description:

The price is trading within a wedge formation in a β€œwave 4” as per Elliott Wave Theory. A higher correction might be expected and then a move downward to the 1799.44 mark.
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