Description
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As per my earlier post XAUUSD impulse down is completed and now price action is correcting the impulse in an ABC fashion in 5-3-5 pattern.
My target for this ABC is 2020. 2018 and 2030 are the .618%/.786% retracements from the impulse down wave from 2048-1969.
If we see any rejections on daily on these levels one can go short.
Trade Safe!
Comment
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Price rejected the .618% retracement and now we are heading down in an impulse wave, however if 1982 gets broken next profit target is 1976.Comment
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⋅ Trade closed: target reached
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