If we look at XAUUSD we can clearly see gold is in downtrend but anytime we can expect some correction
According to my setup , gold is aiming for 1809 and 1814 but before reaching that level we can expect some retracement because on 4H chart there is a divergence on AO which shows a sign for the reversal
Retracement levels
1833 ,1839
Trading is not about prediction so targets may change at anytime so always have backup plan to react smartly
Note :This is my personal opinion, do not take it as financial advise to react smartly.
According to my setup , gold is aiming for 1809 and 1814 but before reaching that level we can expect some retracement because on 4H chart there is a divergence on AO which shows a sign for the reversal
Retracement levels
1833 ,1839
Trading is not about prediction so targets may change at anytime so always have backup plan to react smartly
Note :This is my personal opinion, do not take it as financial advise to react smartly.
Comment:
1814 done while i am posting idea
Comment:
1809 DONE