XAUUSD - Short
Price completed a 5 wave structure on the daily.
We hit some resistance targets, and now looking for the correction.
On the 4H we can see a potential head and shoulders.
Looking for the light blue line as the resistance before sending this back down.
Long term target is the 78.6% FIB level.
Shorter term targets are the 23.6% on the purple smaller FIB.
We hit some resistance targets, and now looking for the correction.
On the 4H we can see a potential head and shoulders.
Looking for the light blue line as the resistance before sending this back down.
Long term target is the 78.6% FIB level.
Shorter term targets are the 23.6% on the purple smaller FIB.
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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.