XAUUSD Market Outlook 14-18 March 2022

DISCLAIMER:
-This market outlook were made for personal use and self record, any profit or loss based on this market outlook is on your own responsibilities as a trader or investor.

XAUUSD is already formed a wave 4 indicated with a deep corrective movements, however the bullish impulsive wave is still dominating and I'm still looking for another buy opportunities.

The outlook that I've made is based on scenario 1 using the corrective wave (aggressive setup) and in smaller wave I will do a couple averaging to maximize profits.

Summary:
Buy 1975-1980
Take Profit: 2045
Stop Loss: 1958

Risk to Reward Ratio: (approx) 1:3
Chart PatternsWave Analysis

Disclaimer