XAUUSD is unable to extend higher

XAUUSD is pulling back from 1820

 

XAUUSD is rejected from 1820. A break above this level is required for the upside extension. This rejection is leaving the instrument in the five waves down with a possible fourth wave now being finished. A break below 1780 will lead to acceleration lower.

Note: look for the short trade entries with the stop loss above 1810

XAUUSD downside continuation

 

 

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