Sangam-Agarwal

Gold 1680 vs 1780 Q4

Sangam-Agarwal Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
resistance 1780
support 1717, 1680

macro event - fed tapering , US Debt ceiling

intraday support 1723
chart pattern - falling wedge pattern
- breakout confirmation above 1745, tp 1780
1680 - bearish breakout below 1717

Elliott wave
support for bullish entry 1717
tp1 1780, tp2 1834

price action
buy zone 1723 to 1717,
confirmation 1745 breakout
TP 1780
buy zone breakout
tp 1680 with shooting star candlestick on h4, h1 at 1734

trade
Q4 - swing
October -day trade

intraday
sell 1734 tp 1717 (shooting star candlestick h4, h1)
buy 1717 tp 1723
sell 1717 tp 1680
buy 1680 tp 1717
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