As u can see as image above, This is daily view , where there is best Point / Decision zone for Reentry Long for XAUUSD at Swap zone Daily and Nearest to EMA50 .
Base on fibo 4h, target for buying is at area 1.618 3115 which is minima pullback before market will continue uptrend.
Now what can i see, price did not break nearest support, and i assume market will test high again at level 3417-3467 , retracement from current low - high as shown at below creating b :-
Low risk to take short at this level, target short until buy zone 3115.
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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.