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Trader should got one short trade target reached completion last Friday.
In my way, I would still have 1/4 trade holding and let it be until reaching the potential reversal zone.
That is the area for completion of harmonic.
Now it seems that XAUUSD in the downtrend channel and can only find support right on the top of the red box in this chart, with a downtrend line support.
Then see a movement in the box. The top line and the bottom line can both find structure in history price.
Yes! Traders looking for another $100 margin in XAUUSD.
The market is heating about the Federal Reserve raising interest rates in min-DEC.
Here, chart is showing both way for XAUUSD to go after tomorrow.
Both way could have almost 100 dollar and both way could have enough reasons to go.