XAUUSD on Drop

134
I'm expecting the one more Drop move from 3073-80 if the 3080 remains valid and market got rejection remains low.

What possible scenario we have?

on the opening of market can pump towards 3073-80 again then on rejection we can expect this move and my target will be 3000 then 2980 in extension for intraday.

On the other hand, 3080 is the resistance cluster ,above this region we have again bullish momentum towards 3130-35.

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.