XAUUSD, where is it located? where is going? look
4 hour analysis
Wave 5 has ended at 1810. It is currently moving towards corrective wave A. Wave A is likely to continue until the 1727. Then B wave will rise up to 1780 (formation of ceiling head and shoulders pattern). And wave C will continue until the range of 1680.
It seems that it is currently in a bearish flag pattern, which will reduce the price to 1727.
Personal opinion: In the short term, it is generally correcting and should not be bought for now.
Wave 5 has ended at 1810. It is currently moving towards corrective wave A. Wave A is likely to continue until the 1727. Then B wave will rise up to 1780 (formation of ceiling head and shoulders pattern). And wave C will continue until the range of 1680.
It seems that it is currently in a bearish flag pattern, which will reduce the price to 1727.
Personal opinion: In the short term, it is generally correcting and should not be bought for now.
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