XAUUSD is sellingHello traders.
Bohold my gold ideas and possible setups.
I think that there is an Elliot Wave Theory starting from February during Russian and Ukranian war from level 2070. I believe that now we are inside wave 5 with realistic targets 1570 - 1590 and a possible target the extension at 1475 area. BTW 1475 will be great for longs.
1H - 4H bearish indicate bearish trend. Not every retracement - even big ones like todays, mean that there is a reversal. In my opinion there was no break of some important structure and shift from LH and LL to HH HL continuously. False breakouts and stop hunts will happen all the time.
Also, the weekly Harmonic from the ATH gives extra confluence.
