XAU-USD. The short-term trade base on Elliott Wave Theory(EWT)

Currently we are in the (b) of B of (4) wave in an impulsive move that show us the gold will go up next years, but for now we will have an impulsive wave (c) after the correction formation. It is a position that will be held a couple of days.

Commentaire:

So the chart hit stop loss level. This means that we have either a Flat correction in the wave 2, or it could be a triangle that is forming out of these moves. The final move will defo be up because we need one impulse to end the zigzag structure