Ericonthewave

Ericonthewave

Just sharing idea , look like Xauusd form corrective pattern (wave 4) then going down for wave 5(impulse)

Ericonthewave

Corrective wave for now

Ericonthewave

Still rebound , but not confirm reversal, continue IM wave 3 or 5, time will prove

Ericonthewave

Just idea, now Xauusd count impulsive wave no.3, action after count wave 5 then open L positions after break blue trend line

Ericonthewave

Just idea, look like Xauusd form triangle pattern, opportunity to S

Ericonthewave

Xauusd Triangle pattern Waiting breakout then let action

Ericonthewave

XAUUSD pull back to retest support area 1875-1868

Ericonthewave

After break 0.382 Fibonacci/TP near by 1875 factor may impact the price is FED announce tonight (GMT+7)

Ericonthewave

Pull back to test support zone At 1842 (0.382)

Ericonthewave

Finally Xauusd break resistant line 0.382 , and bounce back at 0.5, wait Xauusd finish collection phase then they will try to hit 0.618

Ericonthewave

Wait and see at resistance zone (Fibonacci 0.382) After 8:30 PM (GMT 7)

Ericonthewave

Gol gold try to break Fibonacci resistance line at 0.328 if pass next station 1860

Ericonthewave

Gold slightly bullish however still going up