I HAVE PERFORMED A DEEP ANALYSIS ON $XAU GOLDđ :
Trade Setup: The Wave V Impulse
This setup relies on the price holding Fibonacci retracement level. â
If the price drops below the red "invalidation" zone, the trade is dead.â
âą â¶ïžEntry Range: 5,050,000 â 5,150,000
The "ideal" entry is a break and retest of that red descending trendline.đ
âą đŽStop Loss (SL): 4,938,000
If the price hits this gold may head toward the next major support (4,800,000).đŻ
âą Take Profit (TP):đŻ
âą TP 1 (Conservative): 5,600,000
âą TP 2 (Main Target): 6,420,000 (The projected Wave 5 peak shown on your chart).
Scenarios to WatchâŒïž:
"Instant Moon" (Green Pathđą): If the price breaks the red diagonal trendline with high volume, it confirms Wave 1 of the new impulse. You can move your Stop Loss to entry (breakeven) once it clears 5,300,000.
2. The "Liquidity Hunt" (Yellow Dotted Pathâ ïž):
Gold often "double bottoms" to trick traders. It might drop back toward 4,986,000 (the 50% line) one more time before the real rally starts. Don't panic unless it closes below your SL
CLICK HERE TO TRADE đđ»
