XAUUSD Forecast
Gold update, previously on the Monthly timeframe I anticipated a slight drop(correction). And it's still an ongoing bearish trend, On the Daily timeframe the bearish bias is still valid maybe it will be short-lived.
We are in a double correction pattern where all of the waves are corrective patterns. The wave (Y) is still on the first leg of the sub-pattern, a Zig-Zag correction pattern. I expect a further drop to break underneath the (W) leg low.
We are in a double correction pattern where all of the waves are corrective patterns. The wave (Y) is still on the first leg of the sub-pattern, a Zig-Zag correction pattern. I expect a further drop to break underneath the (W) leg low.
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