XAUUSD Daily correction still in play
After topping at the 2.618 FIb extension from Wave 1 to Wave 3 and the 2000 round number level, gold has been correcting.
What the correction will play out like nobody knows.
The bearish candlestick reversal pattern gives us clues that it wants to go a bit lower here.
I'd like to see another pushdown and then see evidence of buying activity to resume the overall uptrend.
"DISCLAIMER: NO ADVICE. Just ideas, no crystal ball. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
What the correction will play out like nobody knows.
The bearish candlestick reversal pattern gives us clues that it wants to go a bit lower here.
I'd like to see another pushdown and then see evidence of buying activity to resume the overall uptrend.
"DISCLAIMER: NO ADVICE. Just ideas, no crystal ball. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
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