XAUUSD has completed WXY and now is up for wave. Correction is not over yet as I expect another WXY after this retrace.
Note
Entry signal is by breaking out of the down trend. Note
XAUUSD reached a lower level around 1206 which happens to be a respected Fibo level. I updated the EW count as shown below. Note
Possible Inverted Head and Shoulders pattern. Breakout will confirm it. Trade closed: target reached
Target 1243 perfectly hit today. Hope you all enjoyed it :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.