2024-06-19 XAUUSD Bearish Case: Wave 2 Horizontal then Down
- Wave 2 smaller degree is getting extended similar to previous correction
- If price breaks previous swing lows impulsively, we can expect lower prices.
- The risk reward is quite nice from here. Invalidation and stop loss is at 2388
- Move to the downside is supported by the fundamentals: Russia-Ukraine peace talks and stronger dollar
- If price breaks previous swing lows impulsively, we can expect lower prices.
- The risk reward is quite nice from here. Invalidation and stop loss is at 2388
- Move to the downside is supported by the fundamentals: Russia-Ukraine peace talks and stronger dollar