XAUUSD RETRACEMENT UP
Based on this latest wave count, I assumed that the first wave down (Wave 1) is finished. We could see that the chart is supposed to finish ABC movement up in Wave 2 before making another impulsive move down (Wave 3). With the help of Fibonacci Retracement, I predict that Wave 2 shall finish in 23.6-38.2 area. I should place my Pending Order there later.
What do you think?
What do you think?
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