Hey Guys and Girls, I hope you are doing well. I'm waiting for XAUUSD to retest at around 1304.00 and has a key level support also. Current market closing price is at 1298.15 and after market opens if price moves a little bit higher then we can see a little bit of upside from 1299.19 to 1304.00 see I'm marking zone with light golden colour. First profit taking target will be at 1283.19, second 1265.35 and third will be around 1244.55. If you see the weekly time frame you will see that a retest is needed to sell and get a confirmation of that previous candle broke the key level support and the current closing candle was going to retest but unfortunately market closed so hope we see a retest to sell. And if we see the monthly time frame the XAUUSD is more room to go further down which is good for us if we hold this trade. Because we are selling at high and we can ride it till bottom around 1188.02. So if you gonna take the trade from 1304.00 please trail the SL to 1288.19 which is our profit taking target after the price hits our first TP 1 target it will secure the profits if TP 2 or TP 3 not hit. Do your own analysis too, it's my analysis and I was just helping you a little bit by giving this idea. I'm including the images of 4HR chart, daily, weekly and monthly. Hope you like it.
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