XAUUSD- Still downtrend (Short term)

I expect more downward move on gold in the coming week.

Try to enter around 1236-1239 area.

Target 1212-1216 zone (0.618retracement + 1.618+ 1.272 + 2.618 extension and harmonic pattern).

Looks for price action and divergence for entry confirmation.
Red box is important SR zone and incredibly strong FIBO support area.

Please refer to my previoys xauusd analysis. We should see end of that downward move soon.

I will update with further analysis.

Trade responsibly.

Transaction en cours

Trade fermée: cible de profit atteinte