XAUUSD have been in uptrend for sometimes now with small pauses on the way. Given the current wave count we are clearly on corrective wave 4. The question is, is the correction completed or should we expect a further push to the downside? One of the possibilities is that the precious metal is making a complex correction WXY and currently we are bullish to complete wave X before resuming the decline for 4th wave completion.
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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.