How will XAUUSD fluctuate after Trump's case?

16 Tem

The failed assassination of presidential candidate Trump increasingly increased his odds of winning the election as well as helping the Republican party hold a large number of seats in the parliament. If the Republican Party prevails in the election, This will promote a reduction in USD interest rates. This is also the reason why XAU has increased in recent days.

Looking at H1:
- The purple 5-wave structure has been completed. This could be the wave 1 structure in a larger wave. and so next will be the corrective wave structure
- Like I said before, corrective waves often take a long time and move complicatedly, we need a lot of follow-up data to shape the corrective structure.
- But for simplicity we can expect a simple ABC structure to observe
- Then we temporarily have the target area for corrective wave C at 2 price areas: 2367.7 and 2349.3.
- The current plan is that we can sell at the price range of 2429 to the price range of 2440 and set the SL at the top of 2440.