XAUUSD (Gold) Daily Chart. Watch for buy setups.
Hello traders ,
Looking to XAUUSD chart I am expecting retracement of the (3) wave . We should watch for buy setups near previous lows as there is still space for more drop.Also a Bullish Shark Pattern will be formed.So 1099.60 and 1073.70 will be the next levels to watch if gold continue to drop.Don't try to catch the start of the retracement before confirmation.I will update the chart with lower timeframe as we could have some sell setups.
Take care
Looking to XAUUSD chart I am expecting retracement of the (3) wave . We should watch for buy setups near previous lows as there is still space for more drop.Also a Bullish Shark Pattern will be formed.So 1099.60 and 1073.70 will be the next levels to watch if gold continue to drop.Don't try to catch the start of the retracement before confirmation.I will update the chart with lower timeframe as we could have some sell setups.
Take care
Comment:
Short trade , going to sell the flag if breakdown
Trade active:
Trade closed: target reached
