Here is my continuation analysis of Gold (XAUUSD). Last week we saw that Gold (XAUUSD) was moving sideways with a range of 1761 - 1790 area. For the next week, I believe Gold (XAUUSD) in the beginning will go to the upside to complete the retracement phase before falling again to the downside.
Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis.
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I believe the B leg of wave 4 is incomplete so I expect a fall to 1766.0( this will confirm a nen-star harmonic pattern with 141.4 extension of BC) before the rise to 1830.0 to complete wave C of the corrective wave, wave 4 of the motive wave and leg CD of the nen-star then wave 5 can begin
ArceeBlade
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@Bluejae007 Let’s see tomorrow what will happen bro.. as far as i count this will be 3-3-5 formation for the retracement phase
Bluejae007
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@ArceeBlade, let see what tomorrow brings,, have a wonderful trading week