As per my earlier post XAUUSD impulse down is completed and now price action is correcting the impulse in an ABC fashion in 5-3-5 pattern.
My target for this ABC is 2020. 2018 and 2030 are the .618%/.786% retracements from the impulse down wave from 2048-1969.
If we see any rejections on daily on these levels one can go short.
Trade Safe!
Note
Price rejected the .618% retracement and now we are heading down in an impulse wave, however if 1982 gets broken next profit target is 1976.
Note
Note
Bullish Count.Trade closed: target reached
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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.