XAUUSD target 1850-1900 than 1500 Long

Gold/U.S. DollarFXCM

Description

⋅ Mar 31, 2021 4:10 PM

Hi there,
Still think we visit above 1800 to 1900, this last drops was mainly bear trap now to get liquidity from sellers and catch holding sells at wave number 4
DXY chart also very over extended in need of a retracement which will make gold fly.
I only will look for sells above 1800
Good luck.

Comments

Lingrid

⋅ Mar 31, 2021 9:54 PM

You are tops.

Thorichov

⋅ Mar 31, 2021 4:23 PM

Well done!

fernandoc17

⋅ Mar 31, 2021 4:24 PM

@Thorichov, thank you

Janoah

⋅ Mar 31, 2021 4:13 PM

How is it going to 1800 and then fall back to 1500?

fernandoc17

⋅ Mar 31, 2021 4:14 PM

@Janoah, retracement from wave number 3 to 4, making a lower top between 2 to 4 and heading to number 5 target of 1500

Janoah

⋅ Mar 31, 2021 4:18 PM

@fernandoc17 yeah could be possible, dont know if it has enough strength to push that high we will see!

fernandoc17

⋅ Mar 31, 2021 4:22 PM

@Janoah, there is a gap in 1806, price needs to fill it

DeGRAM

⋅ Apr 1, 2021 12:28 AM

A very similar view , thanks for sharing!

qtella

⋅ Mar 31, 2021 4:19 PM

do you think it'll fall down first before hit the 1.800??

fernandoc17

⋅ Mar 31, 2021 4:21 PM

@qtella, no, it will fly to 1800