Down for gold

372
Hi traders,

Last week XAUUSD did exactly what I've said in my outlook.
After the finish of the correction down and a retest into the lower Daily and 4H FVG, price went up again to make an ATH.
There were some comments that I was wrong and price would not make an ATH. Well, I've made money. Did you?

Now price is rejecting and wave 5 (grey) could be finished. So next week we could see an impulsive move down.

Let's see what price does and react.

Trade idea: Wait for more development. This is not the time to trade gold.

If you want to see more from my analysis, please make sure to follow me, give a boost 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.
If you don't agree, that's fine but I don't need to know it.
I do not provide signals.

Don't be emotional, just trade!

Eduwave

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