XAUUSD: Potential Short Opportunity
I'm currently observing XAUUSD, which appears to be forming a flat corrective pattern in a 3-3-5 wave structure. There's a potential short setup around the $2475 level, contingent on the price action. This could mark the conclusion of a sub-wave c, completing a wave B.
Keep an eye on the price action as it approaches this zone to confirm the setup.
Keep an eye on the price action as it approaches this zone to confirm the setup.
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.