XAUUSD (GOLD) is heading DOWN!!
Updated
Every Wick that has entered the pink zone the market has fallen back to the green zone which is $1485 - $1492
If you follow the red arrows i have placed, you'll be able to see where the market falls to.
If GOLD does pull back like before then i am expecting GOLD to reach the support level and it to break in order for GOLD to reach $1490 or lower.
If you follow the red arrows i have placed, you'll be able to see where the market falls to.
If GOLD does pull back like before then i am expecting GOLD to reach the support level and it to break in order for GOLD to reach $1490 or lower.
Note
As anticipated, the market has pulled back down to my TP1.Now just waiting for it to reach the trend line and seeing how the market reacts.
If it either rebounds off back up to 1500 levels or continues falling to the green zone.
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.