Bomvana_Likho

XAUUSD : Correction Complete and bullish continuation

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Bullish continuation is Expected.

So....

using EW( elliot-wave ) :

The higher degree has Completed Wave 1 & 2 the onto creating Wave 3, 4 and 5, so we are still expecting the creation of these Waves 3 to 5, so this means bull rally on Gold is still gonna continue.

Lower Degree Labelled in Orange has completed wave(s) 1 to 4 , it has finished wave 4 with a WXY structure @ 100% - 1.236% to confirm completion of the structure, so now onto creating Wave 5 of this smaller Degree.

Buying Around these price levels is recommended but follow your own Risk management with this one.

Also look @ Daily or Weekly Timeframe , there Gold just or is about to finish the Re-test where it broke @1849.915

PLEASE NOTE/REMEMBER:

We are still gonna be in an uptrend til we finish up the wave(s) 3, 4 and 5 of the higher Degree, and only then we will look for the other Direction once these have Completed.

Best of Luck, and Trade responsibly.

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