XAUUSD made a five-wave impulsive decline and price is currently retracing the sell-off.
The correction seems incomplete with regards to the impulse it's correcting. I would like to see a short-term rally to retest the double top neckline that lined up with a 50% Fib ratio.
If we get the deeper correction, it would be a great short.
The correction seems incomplete with regards to the impulse it's correcting. I would like to see a short-term rally to retest the double top neckline that lined up with a 50% Fib ratio.
If we get the deeper correction, it would be a great short.
