FullTimeTrader
Short

XAUUSD-long term plan and short term entry

FX:XAUUSD   Gold/U.S. Dollar
1100 1 12
Hello, according to my previous analysys i think this pair is forming an ending diagonal with internal ABC zigzags
XAUUSD-Decisive moment-Trading the ZigZag


Right now the price is forming the last impulse labeled 1-2-3-4-5
We see the price is currently at wave 4 and we should expect a complex correction because wave 2 was a simple zigzag.

Finally we should see one more leg down for wave 5 and then a strong rebound.

I wil try to trade short the wave 5 looking for an entry with small risk (see related idea)

Best regards

Our wave counts are on the same page. Nice to see that.
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