Another drop for gold?
Hi traders,
Last week XAUUSD made a very small correction up, dropped and took the liquidity under the lows. After it came into the Daily Balanced price range (BPR), it made a correction up into the higher Daily FVG.
Next week we could see price go lower again from here to finish the (orange) A-B-C Zigzag correction.
Let's see what price does and react.
Trade idea: Wait for a change in orderflow to bearish to trade shorts.
If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
Don't be emotional, just trade!
Eduwave
Last week XAUUSD made a very small correction up, dropped and took the liquidity under the lows. After it came into the Daily Balanced price range (BPR), it made a correction up into the higher Daily FVG.
Next week we could see price go lower again from here to finish the (orange) A-B-C Zigzag correction.
Let's see what price does and react.
Trade idea: Wait for a change in orderflow to bearish to trade shorts.
If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
Don't be emotional, just trade!
Eduwave
🆓 Check my IG posts for free trading strategy.
💯 Learn my strategy with my new ebook The holy grail of trading: eduwavetrading.gumroad.com/l/theholygrail
🔥 Other (free) products: eduwavetrading.gumroad.com
💯 Learn my strategy with my new ebook The holy grail of trading: eduwavetrading.gumroad.com/l/theholygrail
🔥 Other (free) products: eduwavetrading.gumroad.com
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