rochdiilham

XAUUSD SHORT

Short
rochdiilham Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Monthly/ weekly; price broke the deceleration zone and the bullish structure, now it’s trending bearish m expecting the price to reach 1200 looking at it from Elliot wave theory.

On the daily, we can see that the market is making new bearish swings with high bearish momentum.

On the 4h price is currently consolidating imma wait for it to break below with a momentum candle and the emas then imma go to the 1h for my entry

Sl; above the nearest swing
Tp; previous structure
Trade active

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.