Ifeanyichukwuxx

XAUUSD LAST DROP (THE LAST FIFTH WAVE)

Corto
FX:XAUUSD   Oro al contado/Dólar estadounidense
Based on my analysis on a higher timeframe, the monthly timeframe to be precise. Overall, we are in an expanding correction and price as being respecting since market went into a correction phase. Last week, we saw price drop of about 5.04% and we probably had a rough week because was NFP week. Right now, we are in the last fifth wave of micro wave C ending the whole correction.
My anticipation is that market will form an ending diagonal pattern which will probably lead to a trend change. let's see how the market plays up onto Wednesday, from there will be looking for continuation to the upside following the overall trend of the market.

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.