XAU/USD’s Bears ready to find support @$3,000 mark

The Bulls have started taking a breather on the precious metal XAU/USD and will retreat to its first support by early Next week, which would be the $3,000 mark. Once surpassed, the next stop would be the February 20 daily high at $2,954, followed by the $2,900 mark. Conversely, Gold rising above $3,050 would pave the way to challenge $3,100.
hoping that my analysis is correct I will place a sell order and My
1st Tp @ 3,000 zone
2nd aggressive trailing tp would be @ 2,950 zone

Trade active

Our 1st Tp was triggered early on today awaiting the retest my Extreme premium zone if the Bulls don't break it then it will be bear time to eat and drive the pair down to our unmitigated zone @2900
2nd aggressive tp early on next week 2,950

Note

Prices will always be attracted back to the areas of unmitigated liquidity, as the gold has shown today. Now the Gold after mitigating that area will have enough fuel for the Bulls to take over

Trade closed: target reached

que

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

que