Bullish on the pair but always wait for a confirmation before entering a trade. This is an analysis and projection - not a signal.
I believe the trend will soon change.. But I don't see it in the coming days.
same plan now finished wave 4 and inside wave 5 of larger wave, 3 1823 is an area of confluence and natural target. Inner wave 3 fell short of 1.618 so the extension of the 5th wave of larger 3 is on 1.27 is at 1845 with higher targets also possible. 1745 is invalidation which has come very close to and reacted well if this is to give way targets would become...
Definitely bullish on Gold, but if Gold keeps pushing up and breaks out on this swing up, then have to consider the likelihood of a strong reversal back into the range coming off the back of it.
Would prefer to see Gold retrace about now, and move back down into range. if it can get back down to around $1700 first, then I would hit the long on the break of $1725.
Short at : 1712
Take Profit: 1660
Stop Lose: 1724
Following the trendline from Upward to Downward.
Resistant Level is 1680.
This is my 2nd analyse for XAUUSD ... I did not coppied from anyone
Please Like it and share for appreciation for me .
If Daily Pivot breakdown it will fall for Sport at 1645 ... My eye on 1700_R to 1600_S