As we know today that most of investors consider USD as a safe haven!
From the perspective of Elliot Wave, right now I see XAUUSD is in corrective Wave B towards 1580.609/1604.032 (SELL ZONE) before falling into final corrective Wave C towards 1504.782/1382.109.
Currency Strength per today:
- USD is the strongest
- AUD is the weakest
THE IDEA WAS "BUY AT 1523.812 WITH STOP LOSS BELOW THE LOW OF PREVIOUS CANDLE 1509.558"
1. The bias is bullish because 4 hr chart was closed bullish
2. Price created a support in 1 hr chart
3. First target is to fill the wick
4. Second and Third target is to fill the clean traffic (mirrorring)