Should we sell XAUUSD now?

Is Gold losing its sheen?

19 July 2024

Hi there! It is 4.30 p.m. in Bangalore, 7 am EST. And XAUUSD is trading around $2412. Just two days ago, on July 17, 2024, it was at $2483. So, we have come off by 2.85% in a couple of days. Was that high significant? Let’s take a quick look.

Near Term weakness, but likely to recover again

I will try and send you such quick and easy analyses on a more consistent basis. Stay tuned!

This is the kind of Elliott Wave trading setup I break down in detail in my course at elliottwaves.com, built around dozens of real-life case studies just like this one.


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