Hi traders,
XAUUSD is still in a bigger correction, but I've changed the wavecount to black W-X-Y. The W-leg is in my opinion an A-B-C formation so that's why.
Last week gold dropped more and changed the orderflow to bullish on Friday. This could be the start of the next (blue) B-leg.
So for next week look for a LTF correction down and trade short term buys.
Let's see what price does and react.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
XAUUSD is still in a bigger correction, but I've changed the wavecount to black W-X-Y. The W-leg is in my opinion an A-B-C formation so that's why.
Last week gold dropped more and changed the orderflow to bullish on Friday. This could be the start of the next (blue) B-leg.
So for next week look for a LTF correction down and trade short term buys.
Let's see what price does and react.
If you want to learn more about trading with supply and demand and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave