UPDATE: XAU/USD Shorts still valid
Updated
In my previous analysis I stated where I expected the correction to hit $1825.00 and we did just that and then some. I also shared that we should not rush to place any shorts as we need the market to shift from an intraday bullish to bearish. This decision is the key separator between winners and losers.
Currently we are seeing a potential ending diagonal playing out, which is also a confirmation of the short analysis.
As always your feedback and thoughts are welcome.
Let's discuss in the comments
Signed;
Samore
Currently we are seeing a potential ending diagonal playing out, which is also a confirmation of the short analysis.
As always your feedback and thoughts are welcome.
Let's discuss in the comments
Signed;
Samore
Note
With the spike in today's price action a small change in the wave count was necessary, however, the projection remained the same even with more confirmation from the downtrend line resistance.
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