ANFIBO | XAUUSD - What's next?

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ANFIBO | XAUUSD - What's next?GoldOANDA:XAUUSDANFIBO_Hello guys! It's me, Anfibo. My previous XAUUSD plan with the Sell entry at 3,670 – 3,674 delivered more than 400 pips in profit, confirming that the market reacted exactly as anticipated. At present, observing the price structure, gold has completed a 5-wave Elliott impulse and is now transitioning into an ABC corrective phase. This is a classic scenario following a strong impulsive leg, where the market needs to rebalance before determining the next trend. At the same time, the current price zone is also showing signs of forming a Head and Shoulders pattern, adding another layer of reliable technical confluence. This suggests that downside pressure remains in play, at least until the pattern is fully developed. Key short-term resistance levels to watch are around 3,690 – 3,700. Meanwhile, immediate support levels can be found near 3,630 – 3,620 – 3,615, with a deeper support at 3,590, which will be decisive for the longer-term bullish structure. The preferred strategy is to wait for price reactions at these resistance confluence zones to look for short-term Sell signals, in line with the ongoing ABC correction. Here's My Trading Plan >>> BUY SCALP Entry: 3,620 – 3,615 SL: 3,610 TP: 3,650 – 3,670 >>> SELL Scalp Entry: 3,670 – 3,675 SL: 3,680 TP: 3,620 – 3,590 Always set your Stop-Loss on every trade! Wishing everyone successful trading. XOXO