XAUUSD // SHORT TERM UPDATE
** When we update our labels we see that 5. wave was completed @1987 and it is correction time.
** Most probably a Zigzag correction pattern is developing.
** Then price may increase up to ~1972 level and then can drop till ~1945 level.
** 1952 - 1944 area seems good for buying opportunity. In this scenario this correction wave can not drop beyond wave 1 (1936) which is a good stop loss point.
** Most probably a Zigzag correction pattern is developing.
** Then price may increase up to ~1972 level and then can drop till ~1945 level.
** 1952 - 1944 area seems good for buying opportunity. In this scenario this correction wave can not drop beyond wave 1 (1936) which is a good stop loss point.
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