McCarteen

XAUUSD might be forming a bearish flag

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Having a look at the inside of the correction move of the analysis I shared earlier. It seems like a five wave move of wave C is unfolding as one could expect, which allows us to position ourselves better at a low risk entry.

Alternatively price might break the invalidation point to drop further or a complex correction might be forming and that will allow us to re position ourselves for any alternative pattern price might be forming.
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