GOLD (XAUUSD) 24/05/2021
Here is my continuation analysis of GOLD (XAUUSD). As we can see GOLD (XAUUSD) right now breaking the daily downtrend channel. That indicates me GOLD (XAUUSD) will make a new trend to the upside. For now, I believe GOLD (XAUUSD) is in subwaves 3 for making the impulse moves to the upside.
Next week I believe GOLD (XAUUSD) will go to the downside to retest the daily down trendline channel and also to make subwaves 4 and then continuing to the upside again to complete the subwaves 5 and also the impulse upside movement.
Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis.
Share your thoughts or idea in the comment section below and also Give support by giving like thumbs and share with your friends.
Cheers.
Next week I believe GOLD (XAUUSD) will go to the downside to retest the daily down trendline channel and also to make subwaves 4 and then continuing to the upside again to complete the subwaves 5 and also the impulse upside movement.
Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis.
Share your thoughts or idea in the comment section below and also Give support by giving like thumbs and share with your friends.
Cheers.
Penafian
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