Hi traders,
XAUUSD did exactly what we said last week. I think there is room for one more leg up for the short term. Now it is in a wave 4 correction (flat). So let the correction finish and look on a smaller time frame for a correction to buy again for wave 5. After that we can expect a bigger correction lower.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow us, give a like and comment.
This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.
Don't be emotional, just trade!
Eduwave Trading
XAUUSD did exactly what we said last week. I think there is room for one more leg up for the short term. Now it is in a wave 4 correction (flat). So let the correction finish and look on a smaller time frame for a correction to buy again for wave 5. After that we can expect a bigger correction lower.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow us, give a like and comment.
This shared post is only our point of view on what could be the next move in this pair based on our analysis. We do not provide signals.
Don't be emotional, just trade!
Eduwave Trading