XAUUSDXAUUSD
There are two possibilities,
it goes up to 1776 and down to 1730,
then up to 1815.
A second possibility goes down to 1730,
then goes straight up to 1815.
Chnannel
GOLD IN THE MIDDLEXAUUSD -The Elliott wave which reflect Market participant's psychology is in the middle of Bearish , in Intermediate range. But if its initial impulse is broken, then we need to consider that there's a change in sentiments. But so far, still Bearish mode for GOLD until break the channel downside and hit 1760.
We are waiting breakout upper side the channel for bullish.The safest place for long is after break of 1760 and target should be around 1840-1860
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