XAUUSD H16: BEST level to BUY/SELL GOLD 10%/20%(NEW)

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XAUUSD H16: BEST level to BUY/SELL GOLD 10%/20%(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG as overall it's a BULLISH CHART.

🔸 Summary and potential trade setup
::: XAUUSD 16hours/candle chart review
::: updated/revised outlook
::: BULLISH/STRONG chart
::: however HEAVY resistance overhead
::: resistance1=1945 USD resistance2=1995 USD
::: BUT expecting PULLBACK/CORRECTION
::: buying dips is a great reload BULLS
::: BEARS should seek to SHORT 1945/1995 USD
::: BULLS get ready to BUY LOW and get paid
::: gold did bounce off double bottom
::: strong base so will go HIGHER but not ready
::: sequence is SHORT/LONG
::: complex market correction pattern
::: a/b/c/d/e/f
::: target BEARS is point 1790 USD
::: then expecting bounce from 1790 USD
::: recomm strategy BULLS: BUY LOW 1790 USD
::: TP bulls is +20% gains BUY/HOLD near 2000 USD
::: BEST/recommended strategy: SHORT INTO REJECTION
::: near 1945/1995 USD
::: WAIT for price to MAX OOUT and SHORT IT
::: TP BEARS is 1500 USD
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 1790/1800 USD fresh demand zone
::: 1950/1995 USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment mid-term: BEARS/REVERSAL/PULLBACK

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