For education purpose only.
Though XAUUSD market seems to take a reversal from the Fridays bottom @ 1640, this bottom is created by Sellers with huge market manipulation. If Sellers show their strength again, they should not have any problem in breaking the low @ 1640 and push the market even down. The image shows triple intersection of price shift line from Pitchfork (light black), inward frequency (blue) and mid line of yellow pitchfork and green pitchfork. If Price respects this zone, go for a Short Trade.
Entry: 1655 to 1654
Stop Loss: 1685
Target: 1592