price is expected to make double top shape formation to fall down or to cotinue its dwn trend
price made W formation on weekly time freme with its own retest in other short time like Daily and 4H time fremes that may lead to continue bulling up, while some prices my shown us it my yet be possibl to go for short bearish 1932 to respect the newly made support which is used to be resistance however its generally will go up as per my analysis.
GOLD might go up on election time as per fib based extension appears
price may expect to fall after it met the resistance line at 1902/1912
my IDEA IS PRICE MAKING AN INVERTED HEAD AND SHOULDER WICH CAN CAUSE TO LONG AS IT TO BE REVERSAL FROM THE SHORT
PRICE HAS BROKEN THE TRENDLINSE SUPPORT ITS EXPECTEC TO RESTEST AS IT TO BECOME RESISTANCE AND TO CONTINUE FALLING TILL TARGET 1851
the XAUUSD PRICE FORMED A head and shoulder with will lead to short targeting 1851 / 1831
short in lower time freme as it to fill the structut legs
The price was rejected at 1921 as per our previous forecasting showed you| as i told you in my other analysis it was on 38.8 fib level at Weekly time freme which is expected to continue selling till the golden zone hit 61.8 of Weekly fib level and Daily however price is follen down 400+ pips and likely to h reach 1850/48 as a short retest then to hit 1818/1812...
PRICE MAY EXPECTECTED TO CONTINUE BULLISH AS IT TO VISIT THE GOLDEN ZONE FIB LEVELS AT 50 AND 61
Price is likely to fill that lo liquidity void - inefficiency, to rebalance after it created that low volume overextension above 2000. For now price pulled back to the liquidity base to feed on. There is some chance it might even go higher to the point of bearish release. But in general we are in bearish mode for now.