XAU BREAKDOWNAccording to my analysis, xau tends to go on a swing and could create an uptrust before going on a bearish hedge
Xausetup
XAU BEAR SWINGJust as I published previously, xau has gone for a retest at the R1 and R2 zones indicated in the analysis. We still have the R3 zone for a mitigation and if we break through the R3 zone we head straight down to the 2013 zone where a retracement is expected back up to the R3 zone before a continued bearish swing
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xau low risk setupDear traders, I am here with another setup for XAU :
1 . Please be more specific in your entries and analyze carefully. Also, don't forget to set your limits.
2 . It is recommended that you save your profits in the SP zone.
3 . Since it may take 5 to 8 hours, it is suggested that you set your stop loss (SL) and take profit (TP) levels and then forget about it.
4 . To ensure a good trade with this strategy, please prioritize risk management5 .
5 . It is advisable to not risk more than 1% of your balance
XAU blueprint (BULLS TO BEAR)Just as the analysis implies, xau overview is a bearish momentum right now and any bullish movement is merely a retracement for a continued bearish swing.
Eyes on 2006 for a bullish retracement and then a follow-up bearish movement till the 1980's where another bullish retracement is expected.
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