Idea for GOLD on 4th May 2023

From FOMC yesterday, swept the BSL, then price rejected the supply zone, I suppose that the wave 5 was completed

Now I expect to the price down to H1 OB, then pullback to orange zone, expect to catch this bullish trend around 2044 level

Comment:

When the price hit 2045(orange zone), only give us 150 pips only

Now it may change to bullish target to 2076 level.

Comment:

Expected movement.