XAUUSD D4: BEST level to BUY/SELL GOLD 10%/20%(UPDATED) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as SHORT as I expect more losses.
🔸 Summary and potential trade setup ::: XAUUSD 4 days/candle chart review ::: updated/revised outlook ::: still drifting lower on auto-pilot ::: silver squeeze failed recently ::: setup still valid as of right now ::: gold is topped out already ::: on the left - current situation ::: on the right - 2012 market top ::: complex market top pattern ::: a/b/c/d/e/f ::: target BEARS is point e 1715 USD ::: then expecting bounce from 1715 ::: higher risk strategy BULL: BUY LOW 1715 USD ::: TP bulls is 1910 USD SL is 1690 USD ::: BEST/recommended strategy: SHORT INTO BOUNCE ::: near point f near 1910 USD after BOUNCE ::: WAIT for price to MAX OOUT and SHORT IT ::: near 1900/1910 USD ::: final TP BEARS is 1500 USD ::: this setup is also aligned with my H*S in XAGUSD ::: overall bearish spot metals over next few months ::: position traders should seek to SELL HIGH ::: recommended strategy: SHORT/HOLD ::: 1900/1910 USD USD best entry ::: TP BEARS is 1500 USD ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: 1700/1720 USD fresh demand zone ::: 1900/1910 USD fresh supply zone 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BEARS