Bigger correction down for gold is coming

Hi traders,

XAUUSD is making an ending diagonal. The pattern could be finished now.

So next week we could see the start of a bigger correction down.
Another possibility is that it makes a smaller correction down and another 3-leg upmove.

Let's see what price does and react.

Trade idea: Wait for a clear picture of the price action.

If you want to learn more about trading with ICT/ SMC concepts and wave analysis, please make sure to follow me, give a like and respectful comment.

This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.

Don't be emotional, just trade!

Eduwave

EduwaveTrading

🆓 Check my IG posts for free education
💯 Learn to trade my plan based on FVG's and wave analysis with my e-book, inclusive in my VIP Discord: eduwavetrading.gumroad.com/l/vipdiscord
🔥 Other (free) products: eduwavetrading.gumroad.com

Also on:

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.

EduwaveTrading

Also on: