Hi traders,
The XAUUSD is a correcting phase where we look for short positions trying to take profit at the 32.8% of the retracement. At that value is recomended to start looking to bullish signals. In the other case we look for the 78.6% of the retracement to enter at the market with long positions. The anlisys is clear, the only thing we have to do is to wait for the perfect entrance to the market, but remenber, look for the bullish signal in the 32.8% and the 78.6% of the retracement. If you calculate the extensions of the older waves the market is very bullish in the midle and long term.