#xauusd #Forex #trad...from BeyondPAT

#xauusd #Forex #trading 💥Today's Outlook:💥 Weekly candle : Indecisive Day Candle: Bearish Trend : Sideways Major News : Balance of Trade Intraday support : 1827-30 Intraday Resistance : 1850, 56,60 OI : Downtrend COT : Downtrend

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

The Sell Move on Gold | XAUUSD from Selling Imbalance , Also the 1860 acted as resistance and currently it is trading below this resistance level

BeyondPAT

Below 1830 we have thin volume zone, Let's see if rebound from Here ...No room for more decline for day maybe ...But if Breakdown 1827 then we can have more decline in Coming Trading sessions. The only reason for current decline is US10y but overall Macro Environment is in Favour of Gold Bulls.

BeyondPAT

Gold {Monthly Chart}. {Cup} setup with major {Wave 3} fully confirmed. Major {Wave 3} is subdividing & we are in a minor {Wave 4} correction which can end at any moment. Inflation is 8% & rates are 0.75%. GDP is contracting & AMZN had it's slowest sales growth since 2001.

BeyondPAT