Gold downtrend temporally stalled at 2403 +/-?. 19/July/24

Jul 19

XAUUSD's sub wave 1 (Red) of wave (A)(Green) probably stalled on 2403 +/- at multi Confluence zone of :- 1) Blue Up Trend Line 2) Nearest Peak Volume Profile 3) Daily Order Block. AND 4H Ichimoku Cloud Support , Weekly Pivot ( both not shown on chart ). P/s as this is the beginning of a "downtrend" it's better to short than long..

Jul 26

Note

Jul 26

Note