Hi traders,
XAUUSD is still in a bigger correction (black A-B-C).
Last week gold finished the triangle. I thought it would go up once more but instead it dropped for (black) wave C.
For next week look for a pullback up and another drop.
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 (black A-B-C).
Last week gold finished the triangle. I thought it would go up once more but instead it dropped for (black) wave C.
For next week look for a pullback up and another drop.
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