$XAU
Gold XAU
The lower timeframe continues to fall, and it has already broken below $4,300, with no signs of the sell-off stopping yet.
The overall pace matches our expectations. After the lower timeframe dropped back into the prior consolidation-and-retracement range, it basically confirmed the short-term downtrend.
After a slight rebound, it formed an even smaller lower-timeframe down pullback and started a new down move. Now it’s also approaching our target zone of $4,220–$4,200!
The short position was entered in the $4,450–$4,480 range, and the perfect move has already reached 150 points+!
Gold XAU
The lower timeframe continues to fall, and it has already broken below $4,300, with no signs of the sell-off stopping yet.
The overall pace matches our expectations. After the lower timeframe dropped back into the prior consolidation-and-retracement range, it basically confirmed the short-term downtrend.
After a slight rebound, it formed an even smaller lower-timeframe down pullback and started a new down move. Now it’s also approaching our target zone of $4,220–$4,200!
The short position was entered in the $4,450–$4,480 range, and the perfect move has already reached 150 points+!
