EduwaveTrading

Bigger correction down for gold

Kort
FX:XAUUSD   Guld / USA-dollar
Hi traders,

Last week XAUUSD did exactly what I've said in my outlook. It made a correction down and after that it went up again. Now it started the bigger correction down.

So for next week we could see a (small) correction up and after that another drop.

Let's see what price does and react.

Trade idea: wait for a correction up and a change in orderflow to bearish on a lower timeframe to go short.

If you want to learn more about trading with ICT/ SMC concepts and wave analysis, please make sure to follow me, give a like 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. I do not provide signals.

Don't be emotional, just trade!

Eduwave

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