Wait for a reaction in the 4H supply for gold
Hi traders,
XAUUSD reached the fib retrace 38.2 so wave 4 could be finished and we're now going up again for wave 5.
But this is not my main idea. I think it's still possible that it makes a bigger A-B-C correction and price drops to the lower 4H demand zone.
Let's see how price reacts in the 4H supply zone above.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
XAUUSD reached the fib retrace 38.2 so wave 4 could be finished and we're now going up again for wave 5.
But this is not my main idea. I think it's still possible that it makes a bigger A-B-C correction and price drops to the lower 4H demand zone.
Let's see how price reacts in the 4H supply zone above.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave