XAUUSD -The Elliott wave which reflect Market participant's psychology is in the middle of Bearish , in Intermediate range. But if its initial impulse is broken, then we need to consider that there's a change in sentiments. But so far, still Bearish mode for GOLD until break the channel downside and hit 1760.
We are waiting breakout upper side the channel for bullish.The safest place for long is after break of 1760 and target should be around 1840-1860
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
We are waiting breakout upper side the channel for bullish.The safest place for long is after break of 1760 and target should be around 1840-1860
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.