Another drop for gold
Hi traders,
Last week XAUUSD made a bigger correction up, retested the whole Daily FVG rejected from there and went lower.
Next week we could see price drop again (after a small correction up) to finish the (orange) W-X-Y Zigzag correction.
Let's see what price does and react.
Trade idea: Wait for a change in orderflow to bearish after a correction up on a lower timeframe to trade shorts.
If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
Don't be emotional, just trade!
Eduwave
Last week XAUUSD made a bigger correction up, retested the whole Daily FVG rejected from there and went lower.
Next week we could see price drop again (after a small correction up) to finish the (orange) W-X-Y Zigzag correction.
Let's see what price does and react.
Trade idea: Wait for a change in orderflow to bearish after a correction up on a lower timeframe to trade shorts.
If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
Don't be emotional, just trade!
Eduwave
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💯 Learn a unique strategy with my e-book The holy grail of trading inclusive in my VIP Discord: eduwavetrading.gumroad.com/l/vipdiscord
🔥 More (free) products: eduwavetrading.gumroad.com
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