luismialcega

XAUUSD more down move

FX:XAUUSD   Gold/U.S. Dollar
WELL PRICE IS BEEN GOING DOWN MAKING SEQUENCE OF ABC WAVES.
IF I AM CORRECT PRICE IS CORRECTING MAKING A B WAVE AND WE ARE GOING TO HAVE A ONE MORE IMPULSE WHICH IS GOING TO BE OUR C WAVE.
THIS TRADE WILL BE VALID AS LONG AS PRICE RESPECT THE RESISTANCE OF THE DOWN TREND AND BREAK THE SUPPORT WHERE IS IT NOW.
ALSO, MACD IS SHOWING DIVERGENCE, SO I AM VERY CONFIDENT ABOUT THIS TRADE.

WHAT DO YOU THINK? AM I RIGHT? OR IS GOING UP?

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