Upmove for gold

Hi traders,

Last week XAUUSD made another move up exactly to the point I've said in my outlook. So have you made some profit? After that we saw a strong rejection and downmove.

The price shown on the chart is without the biggest part of the price action of Friday because of the technical failure with CrowdStrike.
So price is now at the low of the blue arrow. Hopefully it's all normal at market open.

For next week we could see some (corrective) upside again.

Let's see what price does and react.

Trade idea: Wait for a clear impulsive move up and trade longs after a small correction down and a change in orderflow to bullish on a lower timeframe.

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