XAUUSD Gold
H4 - The trend line has been broken locally and a 3-wave structure has been formed. Which could lead to a price decrease to the level of 1953 - 1940.
What can you expect?
Breaking through the level of 1973. You can try to enter from these values at the level of 1973; it is better to consider exiting the position when breaking through/fixing the level of the 1st or 2nd wave on H4 in order to prevent large drawdowns.
Short
Targets 1969.35 - 1961.01 - 1953.26 - 1940.95
H4 - The trend line has been broken locally and a 3-wave structure has been formed. Which could lead to a price decrease to the level of 1953 - 1940.
What can you expect?
Breaking through the level of 1973. You can try to enter from these values at the level of 1973; it is better to consider exiting the position when breaking through/fixing the level of the 1st or 2nd wave on H4 in order to prevent large drawdowns.
Short
Targets 1969.35 - 1961.01 - 1953.26 - 1940.95