FullTimeTrader
Long

XAUUSD-nice area for a correction

FX:XAUUSD   Gold/U.S. Dollar
1434 0 26
Same with EUR pairs i think price is extremely oversold and needs some correction.
We can see it clearly on W1 chart:

- bullish crab already triggered
- AB=CD pattern
- Trendline support
- horizontal support
- Stoch extremely oversold

snapshot

Here on D1 chart we could consider an entry at current levels. We should be careful because tomorrow we have NFP news.

- MACD overextended and crossing
- bullish divergence on stochs

Best regards.

*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).



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