XAUUSD > Gold Might Continue Down to Test 1600

Analysis of #XAUUSD


The Gold has broken its long-term support level near 1680, now we can expect this level to be a strong resistance which the market is not going to be able to close above in the short term.

as you can see the market completed 3 waves down and is now in the process of completing the last wave which might be completed near 1600.00.

I am only looking to short this market or avoid it this week, as we are going to have FED rated decision


Please support me by boosting this idea so it can get to more and more traders


________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.


Thanks for your continued support!