XAUUSD EW Analysis and prediction
Gold in Daily TF will potentially retest at 1903-1904
Stop loss @1830
The price has completed (b) at support area, we are looking at complete with impulse of (c) in smaller degree TF hopefully before NFP on Friday.
And may drop to consolidate new previous low around 1770-1765
Stop loss @1830
The price has completed (b) at support area, we are looking at complete with impulse of (c) in smaller degree TF hopefully before NFP on Friday.
And may drop to consolidate new previous low around 1770-1765
Trade active
This is not totally a signal trade, its only help us to identify where we are in a trend, of course we never know for sure where we are at until it's over. :)All the EW to me is to a means of helping me identify trading opportunities - identify a good POSITIVE risk ratio.
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