FX.co ★ king.zelda | XAU/USD, GOLD
XAU/USD, GOLD
Hello traders, The system was right after all in predicting that a correction would occur this week, and the correction unfolded exactly as expected. There were doubts about how deep it would go, but as you can see, it all happened in one impulse. Meanwhile, a level of 5546 has formed at the top, where the bearish signal will be invalidated if the price manages to rise that high. However, now it's highly doubtful, as we have dropped significantly; most likely, we will either continue downwards or enter a sideways movement. The targets of 5020 and 5000 have now become mandatory, and you can congratulate my sell order from 5230, which closed at 5130, securing a hundred points. This means my calculation was correct, and now we smoothly transition to Friday.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade