XAUUSD has been in a bear market since it reached 1920.80. The bear cycle has the pattern WXY which it already finished wave W by reaching 1046.23. Luckily I didn't witness that period, I would had thought XAUUSD was going to moon before it collapsed :-\
XAUUSD is in X wave now, in a minor degree x which I set three targets for it as shown in the chart.
Best Wishes
XAUUSD is in X wave now, in a minor degree x which I set three targets for it as shown in the chart.
Best Wishes
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On 3-Day chart, it's easier to sport RSI Divergence.
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Nice breakout opened the door to lower targets
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target 1 reached. I expect a bounce here.
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It's about to test the lower trend of the channel.
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Target 2 reached.
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I expect Gold now to go for target 3.
It's never been a free market and will never be.
