XAU decline back to 2100 dollars1.Okay May's candle just closed and it's a shooting star same as April's candle. This isn't typical especially on the monthly which means we could see further upside, after a correction.
2. Currently the market is in the third leg of the Elliot wave, and we might be going into the 4th corrective wave. Price action below the monthly chart is further proof of this.
3. A retest of $2100 and even $2000 is likely and then A 5th leg past current highs is inevitable. OANDA:XAUUSD