Wait to breakout and sell or wait until price action in resistance
Technical analysis SHORT
LAST WEEK XAU TOOK CONTROL, SMALL CORRECTION SO WE COULD SEE ANOTHER RUN OF THE BULLS
WAIT THE BREAK OF THE TRAINGLE, WE COULD SEE ALSO A BULL CHANNEL BUT IS GOING TO FALL
WE HAVE SEEN A FALL FROM 114.400 PRICE. WITH A STRONG AND FAST MOVE WE REACH THE 111.600 LEVEL AND THEN A VOLUMEN STOP APPEARS. WE COULD POTENTIALLY WATCH THE CORRECTION AND THEN SELL IN 113.200 -113.600 MAX
LOOKS LIKE THE 4 WAVE HAS REACH HIS END SO WE COULD SEE BULLS TAKING CONTROL. VOLUME SIZE STOP PLUS IMPULSE AND RETEST. LETS BUY, TAKE THE RISK OR LOSE THE CHANCE.
THE ACCUMULATION PHASE HAS ENDED. LOOKING FOR A RETEST IF PRICE RESPECT LIKE IS DOING WITH LOW VOLUME WE COULD SEE THE BULLS TAKING CONTROL UNTIL THE 2 PHASE OF ACCUMULATION
THE ABC CORRECTION ENDS - FIRST WAVE DONE TP REACH - WAIT FOR THE PULLBACK AND SELL
FIBO RETRACEMENT AND TREND CONTINUATION. IF IT RESPECT SEALING, SELL