No attacks just gold trades/analysis

good morning

Did you guys close yesterdays sell trade or holding?

Gold(XAUUSD) outlook and plan for the day.

After retesting strong resistance of 4116 price declined all the way till 4034, currently bouncing form the confluence of support-2 & rising trendline, we are expecting a healthy pull back or corrective rally for the downswing that we saw yesterday, till it retests declining trendline. rising trendline which is intact since 17th July is also getting threatened.

Immediate support is at 4034, below that 4021, if these are taken out then we might see some really deep corrections, immediate resistance is at ~4086, price is expected to get rejected form the higher levels.

we'll be looking for shorting opportunities after the pullback at strong resistance or breakout trades below 4034 would be the ideal setup for today.

For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.

Regards CrazyTrades247.