Gold (XAUUSD) is showing a strong bearish structure after rejecting the descending trendline. The chart suggests an Elliott Wave XYZ correction nearing completion, with price breaking key support around 3965.
📉 Bearish Confluences:
✅ Descending Trendline Resistance
✅ Elliott Wave XYZ Completion
✅ Market Structure Breakdown
✅ Lower High Formation
✅ Momentum Favoring Sellers
🎯 Potential Target: 3911
🛑 Invalidation / Stop Loss: Above 3979
⚠️ Trade only with proper risk management and confirmation.
DISCLAIMER:We will not be held responsible for any loss you incur
BTCUSD
📉 Bearish Confluences:
✅ Descending Trendline Resistance
✅ Elliott Wave XYZ Completion
✅ Market Structure Breakdown
✅ Lower High Formation
✅ Momentum Favoring Sellers
🎯 Potential Target: 3911
🛑 Invalidation / Stop Loss: Above 3979
⚠️ Trade only with proper risk management and confirmation.
DISCLAIMER:We will not be held responsible for any loss you incur
BTCUSD 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.