✴️ Gold has completed an AB=CD pattern, and current market data indicates a significant influx of bearish volume. We anticipate a downward swing to commence in the near future. The price encountered resistance at the $5234 level and subsequently began a decline.
✴️ There is a possibility of a temporary upward movement towards the $5300-$5325 range, where substantial selling pressure is also expected to emerge.
✴️ Our initial selling target is $5000, followed by $4700, with a final swing target at $4400. The stop-loss placement is at your discretion.
Below is a detailed breakdown of potential entry zones:
🔺First Entry Point:
Resistance Range: $5234-$5298
Estimated Stop Loss Range: 200-300 Pips
Profit Targets: $5000, $4700, $4400
🔺Second Entry Point:
Resistance Range: $5304-$5364
Estimated Stop Loss Range: 200-300 Pips
Profit Targets: $5000, $4700, $4400
For further analysis and insights:
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* We welcome your comments.
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Regards,
Team Setupsfx_🏆❤️
#FOREX #GOLD #XAUUSD #SWING #SELL
✴️ There is a possibility of a temporary upward movement towards the $5300-$5325 range, where substantial selling pressure is also expected to emerge.
✴️ Our initial selling target is $5000, followed by $4700, with a final swing target at $4400. The stop-loss placement is at your discretion.
Below is a detailed breakdown of potential entry zones:
🔺First Entry Point:
Resistance Range: $5234-$5298
Estimated Stop Loss Range: 200-300 Pips
Profit Targets: $5000, $4700, $4400
🔺Second Entry Point:
Resistance Range: $5304-$5364
Estimated Stop Loss Range: 200-300 Pips
Profit Targets: $5000, $4700, $4400
For further analysis and insights:
* Please like this post.
* We welcome your comments.
* Follow our page for updates.
Regards,
Team Setupsfx_🏆❤️
#FOREX #GOLD #XAUUSD #SWING #SELL
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Disclaimer
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