Hi fellow traders, XAUUSD will be ready to make a move higher from the blue box after completing the ZIGZAG correction. Let it slide deeper into the blue box and look for an entry. Target the 2771.20 level. Good luck and trade safe!
~ OGwavetrader
~ OGwavetrader
Note
Move your stoploss to break even as soon as we close above the grey ‘Risk free zone’. Note
Expecting a 3-wave decline from this area.Note
Let the correction mature so we can determine a new long entry.Note
Next stop: 2690 level.Note
Expecting both TP1 and TP2 to be hit next week.Note
The structure has changed guys. It seems we are going higher correctively. I'm just focussed on a move to 2690 area for now. Will update once we reach that level.Note
Expecting a move up on gold from this area to complete the "C" wave.Note
Structure has changed, we have to adapt. Still looking for a move up.Note
Targeting 2771.20Disclaimer
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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.