🔴 ↓ Sell Limit Setup for XAU/USD ✅ Pair: Gold (XAU/USD) ✅ Entry: Sell Limit @ 2858 🔹 Stop Loss (SL): 2861 🔹 Take Profit 1 (TP1): 2805 🔹 Take Profit 2 (TP2): 2780 🔹 Move SL to BE: 2820 🔹 Line of No Return: 2860
📊 Confluence Rating: 4/5 ✅ Confirmations:
Wave 5 exhaustion at 2860 aligning with Elliott Wave completion. Fair Value Gap (FVG) on M30/H1, suggesting a strong supply zone. Liquidity grab above previous session highs (BSL taken). M15 bearish engulfing or wick rejection required at entry for confirmation. 📌 Risk Management: Use proper lot sizing and adjust for market conditions. 🚀
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