In my previous
XAUUSD
analysis, I talked about the upcoming correction waves and traded the Wave A of correction myself. Later on, for the past 2 weeks, the Price action on Gold was messy with no clear indication so I have been waiting for the Wave B to complete since then.
Now it seems, the Wave B is near completion, maybe by tomorrow. The Upward 5 Wave Move of Wave C will start soon which I intend on trading.
The wave structure so for on Gold is shown in the chart. Currently we are in the last sub wave of our Wave B which is Ending Diagonals. Once its finished, the Bullish Move of Wave C will start.
XAUUSD
analysis, I talked about the upcoming correction waves and traded the Wave A of correction myself. Later on, for the past 2 weeks, the Price action on Gold was messy with no clear indication so I have been waiting for the Wave B to complete since then. Now it seems, the Wave B is near completion, maybe by tomorrow. The Upward 5 Wave Move of Wave C will start soon which I intend on trading.
The wave structure so for on Gold is shown in the chart. Currently we are in the last sub wave of our Wave B which is Ending Diagonals. Once its finished, the Bullish Move of Wave C will start.
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So far the trade is going perfectly, I got sniper entry for my long position. Lets see where GOLD takes us next week. According to my estimate according to ABC flat time duration, by next week Friday or by Monday or Tuesday of the week afterwards (23-27th June) We should be reaching 2k$ from where Wave B or Wave 2 of downward movement will start.
