XAUUSD downward C corrective wave
I know that this analysis would be somehow challenging and controversial one!
Considering the US PMI and labour market data, I expect a corrective C wave which is probably the last correction of wave 2 of the major 5th wave.
Remember that the bullish target for the final 5th wave is around 2400 and above.
The invalidation level is specified on the chart!
Considering the US PMI and labour market data, I expect a corrective C wave which is probably the last correction of wave 2 of the major 5th wave.
Remember that the bullish target for the final 5th wave is around 2400 and above.
The invalidation level is specified on the chart!
Trade closed: stop reached
Inalidation level was touched and corrective waves didn't happen before the main bullish target.
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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.