Gold Analysis: Next five steps
Updated
Hello Traders!
Welcome back to another trade with analyst Aadil1000x.
This is the analysis of XAUUSD and it is now inside a triangle pattern. Inside the triangle, there is a channel pattern and there is a deep reason behind the channel and we are not going that deep now.
In the first step, there will be a break of the triangle pattern and after this breakout, I am not expecting a freefall. There will be a retracement to test the trendline.
After Testing the trendline there will be a small dip and later we will see an impulse. Once Impulse is completed we will see a 'J' shape pattern. J shape pattern means one more final push and after that bears will take control of the market.
Each wave is connected and every wave is tradeable.
Don't forget to hit the like button and follow to stay connected.
Welcome back to another trade with analyst Aadil1000x.
This is the analysis of XAUUSD and it is now inside a triangle pattern. Inside the triangle, there is a channel pattern and there is a deep reason behind the channel and we are not going that deep now.
In the first step, there will be a break of the triangle pattern and after this breakout, I am not expecting a freefall. There will be a retracement to test the trendline.
After Testing the trendline there will be a small dip and later we will see an impulse. Once Impulse is completed we will see a 'J' shape pattern. J shape pattern means one more final push and after that bears will take control of the market.
Each wave is connected and every wave is tradeable.
Don't forget to hit the like button and follow to stay connected.
Note
Update of Wave 1 and 2 Note
Update of third wave Note
Update of 4th wave. XAUUSD in 4th wave Note
All five steps worked as expected.
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