More upside for gold

Hi traders,

Last week XAUUSD went up some more. I had to adjust the wavecount because wave 5 became longer then wave 3. On Friday price came into the Daily FVG and rejected from there.

So for next week we could see some more upside for this pair.

Let's see what price does and react.

Trade idea: Wait for a change in orderflow to bearish and a (small) correction down on a lower timeframe to trade (short term) longs.

If you want to learn more about trading with ICT/ SMC concepts and wave analysis, please make sure to follow me, give a like 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 signals.

Don't be emotional, just trade!

Eduwave