According to the previous idea, Gold doesn't break down and make a new low, But the price was reversed instead. For a bigger time frame, it looks like wave B was Truncated, about (c) target should be around 1774$ (138.2% of A), To enter Buy/Long position, wait for the price action TF 1H - 4H or EMA50 or anything else, Do not Sell/Short until the market structure of uptrend gets destroyed.
XAUUSD
XAUUSD
Trade active:
Wave C may make a small x wave, For now the first wave is a Zigzag and the X wave was done, It May doing a Zigzag, FLAT, or Triangle
Trade closed: target reached:
The price reached 138.2% of A, But reached 161.8% of A. Look like Wave C of gold is 1st Extension Impulsion.
