Here is my continuation analysis of Gold (XAUUSD). Same as GBPUSD, Gold (XAUUSD) also got a massive setback moving approximately 600 pips yesterday.
In my opinion Gold (XAUUSD) still aiming for the upside. Yesterday's drop for me still only for a retracement before going higher. As I can see Gold (XAUUSD) retesting the daily downtrend channel. And in my waves counts, Gold (XAUUSD) is ready to make the journey to the upside for completing the waves. My closest target is the 1860-1865 area.
Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis.
Share your thoughts or ideas in the comment section below and give support by giving like thumbs and sharing with your friends.
Cheers.
In my opinion Gold (XAUUSD) still aiming for the upside. Yesterday's drop for me still only for a retracement before going higher. As I can see Gold (XAUUSD) retesting the daily downtrend channel. And in my waves counts, Gold (XAUUSD) is ready to make the journey to the upside for completing the waves. My closest target is the 1860-1865 area.
Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis.
Share your thoughts or ideas in the comment section below and give support by giving like thumbs and sharing with your friends.
Cheers.