XAUUSD H4

For a long-term plan, this is what it looks like. If 1783.5 hold as a strong resistance then gold is likely to go down to attempt the lower support again with the target level of 1764 / 1756 / 1735 / 1725 / 1711. However, FOMC is around the corner, the price action may swing and stretch to liquidate more position before continuing the fall. As long as the price stays below 1803 then this idea is still valid in my opinion.

Trade attivo

As u can see the price movement down from 1782 all the way to 1765 and retrace, exactly playout well as per the analysis. FOMC today, and expect the swing up and down again before deciding on the trend.

Trade attivo

First target 1756 was achieved. Let's see how far can it goes.

Trade attivo

Target 2 1735 achieved.

Trade chiuso: obiettivo raggiunto

Target 3 achieved at 1713

ST_Gold_FX

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