XAUUSD Gold and AUDCAD Cycle Sniper Trades

XAUUSD Gold and AUDCAD Cycle Sniper Trades

In my forecast, I have mentioned that Speculative Long Positions were record high and according to the NFP data, we might see a sharp decline in Gold Price.

I summarized the technical and fundamental overview in our Discord room and posted the below-mentioned idea.

https://www.tradingview.com/chart/XAUUSD/OpdLfotU-XAUUSD-GOLD-Potential-Correction/

Price hit TP3 2015 $.

Price Action Sniper:

Cycle Sniper H4:

What’s next?

Bulls will try to defend 2031 $ ( MM 5 /8 H4 )

According to the fundamentals and Cycle Theory, we predict bearish continuation down towards 2000 $ and 1980 $ if the bears keep the price below 2031.

Another Sample Trade:

AUDCAD H1 Cycle Sniper and Price Action Sniper

After:

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