Hi traders,
So if you sold after the small correction like we said last week you should have made some really good profit!
For this week there are multiple possibilities. We think XAUUSD will go down more. So after a correction in the last supply area with confluence of the fib retracement 61.8-78.6, we will sell again.
But there is a possibility that it will make a last impulse leg up for the completion of an expanding flat correction. So let price decide what to do.
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
So if you sold after the small correction like we said last week you should have made some really good profit!
For this week there are multiple possibilities. We think XAUUSD will go down more. So after a correction in the last supply area with confluence of the fib retracement 61.8-78.6, we will sell again.
But there is a possibility that it will make a last impulse leg up for the completion of an expanding flat correction. So let price decide what to do.
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