WaveAnalysis

XAUUSD Short Trade Setup

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello Traders

We may have a complete regular flat. That's why I'll take a short trade if it gives me a valid trade setup. As you can see, a very important Fib confluence level was tagged. We can get the reversal impulse soon. That being said. There is no divergence inside the C wave, and there is another strong confluence level, which might be reached. So we can have 4th and 5th waves. We'll see that part.

Trade with care.
Bulent


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