#XAUUSD

Xauusd is expected to continue its bearish move during upcoming days, Resistance Levels at 4730-45, 4837 and 4893 giving confidence for Short trades with aim to book profits at 4490, 4430-20, 4360-40, 4295-75, 4170-4100, 4040-4000 and 3950-3900.

Market now trading around $4600 and making some retracement, so making entries at or above 4650 with SL at 4745 and TP at 4500-4490 will be a good choice, in adverse scenario if markets breaks out the resistance level at 4730-45, we can wait to make entries around or above 4790 with SL at 4840 targeting the areas of profits below 4500 to 4200 as per levels mentioned above.

Added Note:

We may have a trade for today with RRR 1/2 or 1/3 and more Risk Reward Ratio today, so stay tuned as I'm keenly looking for the confirmed set up.

Note:

This analysis is only for educational and informative purposes and is not a financial advice, so trade on your own responsiblity as trading involves risk of financial losses.