Simple chart analysis for XAUUSD
Updated
Following the uptrend, it will reach 2370 and above eventually. But it will first do another retracement for well made (4) of E.W. . Once finished, it will finish the structure.
Note: It can be in a slower peace and news doesn't need to impact inmediately. It can take a whole micro E.W. to reach lower goal and upper goal. I sugest to not start buying until confirmation is made.
Note: It can be in a slower peace and news doesn't need to impact inmediately. It can take a whole micro E.W. to reach lower goal and upper goal. I sugest to not start buying until confirmation is made.
Trade active
Is better loose the trade if can not be taken. Chart can do a bearish peak, but it won't go lower then 1 peak, so, you can put SL below 1 peak and go bullish.
Trade active
Bearish peak done as predicted. It's a good time to take the risk.
Note
300% fibonacci reached. 300% of minor E.W. still intact.
Trade closed: target reached
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