1409 XAUUSD looking for end of ABC corrective wave to sell
Hello traders,
Yesterday US CPI made a WIDE range movement for gold. The AB wave looks no good for trading intraday.
But it gives us a clue that 1908 right now could be a short-term support.
To finish the ABC corrective wave, I would prefer to gold go back to test Position C again and wait for a new signal to open sell
This time will target recent daily lows as our swing trade targets.
GOOD LUCK ON THIS SELLING PLAN.
LESS IS MORE!
Yesterday US CPI made a WIDE range movement for gold. The AB wave looks no good for trading intraday.
But it gives us a clue that 1908 right now could be a short-term support.
To finish the ABC corrective wave, I would prefer to gold go back to test Position C again and wait for a new signal to open sell
This time will target recent daily lows as our swing trade targets.
GOOD LUCK ON THIS SELLING PLAN.
LESS IS MORE!
Comment:
Going to break 1900.
Comment:
Waiting for a retest of 1905-1908 to sell again to break 1900 ,down to new low.
Comment:
Gold almost hit 1900 BUT then be reversed up again.
Later after morning session in Asia, I would make a new analysis on this situation.
Later after morning session in Asia, I would make a new analysis on this situation.
Wait for more clues to confirm after that.