Gold continues to go up

238
Hi traders,

After XAUUSD reached 50% of the Weekly FVG last week it rejected and went up again (updated wavecount).

Next week we could see a correction and more upside for this pair.

So let's see what price does and react.

Trade idea: Wait for a correction down and a change in orderflow to bullish. After a small correction down on a lower time frame you could trade longs again.

If you want to learn more about trading FVG's & liquidity sweeps with wave analysis, please make sure to follow me.

This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.

Don't be emotional, just trade your plan!

Eduwave

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.