I posted this analysis on my channel last week for my followers, calling for Gold to move up from 1880 towards 1920 as a completion of Wave 4. We have now seen this move be completed with another sell off. This here is the final leg of the downtrend (Wave 5) before the bullish trend resumes again. A possible shorting opportunity for 400 PIPS.

Do you agree? Let me know what your bias is on Gold.
Chart PatternsDXYGoldshortTrend AnalysisUSDUSDJPYWave AnalysisXAUUSD
TELEGRAM - @XTBCAPITAL
t.me/XTBCAPITAL

Penafian