XAUUSD

24 May 2023

For those that trade Gold i think this will be beneficial to look out. if you look at gold on Daily TF you will notice what the Wave man call the ending diagonal. This gives us the possibility that the uptrend is over. Together with the SMT of Breaker block or Change of character on a Daily TF we also believe that a retracement will happen. I predict that the market will bear to 1700 area before further advance up will proceed. Kindly reach out if you need more clarification