XAUUSD - WEEKLY Wave Forecasting
Trend = BULLISH
Parent Trend = BULLISH (Monthly)
Wave Direction = Down then Up
Although price is already at support area + EMA area, selling pressure is still on the edge
Most likely, price will continue its correction until the bottom resistance + EMA 26 + retracement 0.382
(However, price can also slightly going up without continuing its correction. its because the monthly trend on bullish wave)
Target price = 1840-1860 then UP to 2215-2240
Entry Idea = Look for continuation wave / pattern on the lower timeframe to take advantage of short term bearish
Always rely on the bigger time frame (check the related ideas)
Check latest post for updated analysis !
*Disclaimer alert : This analysis based on our point of view. We will not be held responsible for any losses that occur in your account. Always use your own best Money Management. If you found this helpful, feel free to donate us.
See you on the Winning Side baby !
Parent Trend = BULLISH (Monthly)
Wave Direction = Down then Up
Although price is already at support area + EMA area, selling pressure is still on the edge
Most likely, price will continue its correction until the bottom resistance + EMA 26 + retracement 0.382
(However, price can also slightly going up without continuing its correction. its because the monthly trend on bullish wave)
Target price = 1840-1860 then UP to 2215-2240
Entry Idea = Look for continuation wave / pattern on the lower timeframe to take advantage of short term bearish
Always rely on the bigger time frame (check the related ideas)
Check latest post for updated analysis !
*Disclaimer alert : This analysis based on our point of view. We will not be held responsible for any losses that occur in your account. Always use your own best Money Management. If you found this helpful, feel free to donate us.
See you on the Winning Side baby !
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