$xau
MARKET HAS GIVEN A PERFECT RETRACEMENT TO ITS LAST PREMIUM AREA 4657-4737
SHORTING THIS MARKET FROM HERE TO CONTINUE THIS WHOLE TREND ,EXPECTING ANOTHER LL BELOW 4100
$XAU
IN BIGGER TIME FRAME :
We have seen market has dumped itself from the very top first time on 31 jan then again on 02 mar [which made a LH ]
Market will continue to its recent premium area [5260-5420] then fall to break 4100 level to make another low
IN SMALER TIME FRAME :
Market has given CHOCH then BOS , which clearly say shift in character/direction from downwards to upwards
We have made a long at 4600 and following that to the LH [5420]
ENTRY :
Entered on 4600 level where the exact OB of this NEW UP-TREND.
i think $XAu will come to 4606 level to tapp its last pending OB , might get full liquiity then move up to get 5420 level
why 5420
Market fall from its ATH 5600 on 31 jan and made a low , it took one month to rebuild then again falls on 02 march to 4100 from 5420
5420 level is the last premium level as of now
Our ultimate goal is to go for 5420