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XAU/USD Techncial Analysis 

XAU/USD Techncial Analysis 

Instrument XAU/USD
Time Frame D1
Trending Down move at uptrend and trade in narrow range
200 DMA Prices have been broken down the 200 DMA and trading below currently
MACD Lower zone but heading upward
Pivot Point prices are trading below PP and between the range of S1 and PP
Elliot Wave Type  Corrective in large degree, probably in forming D leg of pattern ABCDE
Swing Type Lower high in very narrow range
Price action  Trading in range at D1
Notes Keep waiting for further trend and pattern confirmation
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