XAU USD (A complex setup)

15 בנוב׳ 2024

GOLD looks like not out of the woods. Sell off pressure could still drag the price to D levels. Although the current zone is probably what all the traders are expecting for a reversal. A Stop loss hunt could be on cards if the price breaks down from this range. Its just a probability. Daily timeframe looks primed for a reversal but hourly suggest a minor pull back to downside.A fake out to the upside could be possible if the harmonics is to be played out. Its a Complex setup. So manage risk accordingly