XAUUSD - Ongoing Correction

Gold managed 1808 before breaking out of a reverse symmetrical triangle and dropping to the 1750 level of interest. Keeping an eye on the weekly close here as this could be the pivot for wave (ii).

We could also potentially see price drop further between the 1738 - 1717 levels highlighted before moving back up to complete the wave (ii) of C. Wave (iii) which should eventually bring gold back below the 1680 level. More on that when we get there.

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Disclaimer

This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.

You should do your own research and analysis before making any investment decisions. Do not trade or speculate based on the information provided in this idea.

Trust your own analysis.
Beyond Edge