XAUUSD - SELL IDEA
Looking at the XAU/USD 30-minute chart, we can observe that the price has completed a potential wave (b) and appears to be heading towards a downward correction. This move could be targeting the 1.618 Fibonacci extension of wave (c), with a primary support zone around 2428.34.
The setup indicates a bearish trend continuation, with a strong probability of the price moving lower. This might present a good opportunity to consider short positions, aiming for the support levels indicated by the Fibonacci extensions, particularly focusing on the 1.618 extension level for potential profit targets.
The setup indicates a bearish trend continuation, with a strong probability of the price moving lower. This might present a good opportunity to consider short positions, aiming for the support levels indicated by the Fibonacci extensions, particularly focusing on the 1.618 extension level for potential profit targets.
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