Should You Sell Gold (XAU/USD) ?

Gold 4H Chart :


Gold 4H Chart
Gold 4H Chart 

We can see a rally from 1450 to CMP 1468. This rally may extend up to the Fibonacci 61.8% 1475.

Bears will get active between 1475 to 1480. 


Gold Elliott wave analysis 15 Min Chart :



Gold Elliott wave analysis 15 Min Chart
Gold Elliott wave analysis 15 Min Chart 

We can see a 5th Wave is going to complete near 1475 if it is equal to 1st wave. Correction may start from this level.

Traders are cautious around the ending of 5th wave 


Sell at 1575 to 1580 
SL 1588 
TP 1563/1545

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