H4 time frame.
Structure: Downtrend structure confirmed.
After the price broke the support of 1780 fell sharply to the price of 1750 without a retracement.
There is a high probability that there will be a retest of this resistance and the downtrend line once again.
When the price pulls back to 1780 can wait for the appearance of sell setups with XAUUSD.
The profit target after the second major retracement is 1680.
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Wish you all have a good trading day!
Structure: Downtrend structure confirmed.
After the price broke the support of 1780 fell sharply to the price of 1750 without a retracement.
There is a high probability that there will be a retest of this resistance and the downtrend line once again.
When the price pulls back to 1780 can wait for the appearance of sell setups with XAUUSD.
The profit target after the second major retracement is 1680.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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