Trade Sell XAUUSD/Gold
Sell stop @1834.50
Stop loss @ 1850.0
Target1: @ 1725.00
Target2: @ 1702.00
Target3: @1674.00
Happy New year traders, this is my first trade for the year and it’s been a long wait for the leading diagonal to complete it wave.
We should be expecting an ABC correction wave down to 1674.00 form. We might see Gold moving down to 1803 support zone and a possible breakout downward off the leading diagonal. we’ll wait for the daily close for confirmation.
Sell stop @1834.50
Stop loss @ 1850.0
Target1: @ 1725.00
Target2: @ 1702.00
Target3: @1674.00
Happy New year traders, this is my first trade for the year and it’s been a long wait for the leading diagonal to complete it wave.
We should be expecting an ABC correction wave down to 1674.00 form. We might see Gold moving down to 1803 support zone and a possible breakout downward off the leading diagonal. we’ll wait for the daily close for confirmation.