Gold and its waves

The market is in the middle and making a new structure, so-

• I'll focus on the level 2195-2200 and see the reaction for the next trade.
  
• If the market reacts at 2195 and moves slowly to the downside, then we can expect one more push up to 2240
  
• If the market reacts 0n 2195 and gives a good sell strategy and impulse down wave in the beginning then we can expect the market to break level 2145 where most of the liquidity lies or even down to 2132 precisely
  
• And last but not least this whole up wave can become a starting of new structure which is also early to say
  

I've marked those 2 possibilities in the chart and I'll move according to the market reaction
as always trade with care and market always win
XAUUSD XAUUSD

Kommentera:

1HR chart which shows 5 wave possibility within structure