Hello traders, we now have two XAUUSD EW setups in play for next week. 1) Bullish Setup : Where the ABC wave is complete and 1-2 for an up move is in progress 2) Bearish Setup: Wave 1-2 & 3-4 has completed and 5 wave is in progress.
If we see any bounce from the 2668 levels we can then assume the bullish structure is valid and if selling pressure is more then the bearish EW count will be applicable.
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