XAUUSD may drop to 1608 area

FX:XAUUSD   Gold Spot / U.S. Dollar
Previous analysis on XAUUSD was spot on and reached exactly 1650 from the entry around 1575 that I had mentioned(idea attached below).
However, currently, it looks like Gold might drop towards the 1608 area before rallying any further.

Note that this is not a recommendation to buy or sell. So traders need to exercise caution before placing any trades.


Nice set up.
Interesting, it would have been ideal to get a long there for sure! here is my analysis. playing out rather well.
Good analysis !! Here is our POV

thanks\a lot
Gold will likely rally up after testing the support level, this is stellar work.
Been following you for about a week now, can honestly say your one of the best trader on this website. Always spot on, Thanks mate
+1 Reply
bro your ideas is just perfect, you are realy good :D , keep going
Nice analysis!
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