Ifeanyichukwuxx

XAUUSD LAST DROP (THE LAST FIFTH WAVE)

Short
FX:XAUUSD   Or / Dollar Américain
Based on my analysis on a higher timeframe, the monthly timeframe to be precise. Overall, we are in an expanding correction and price as being respecting since market went into a correction phase. Last week, we saw price drop of about 5.04% and we probably had a rough week because was NFP week. Right now, we are in the last fifth wave of micro wave C ending the whole correction.
My anticipation is that market will form an ending diagonal pattern which will probably lead to a trend change. let's see how the market plays up onto Wednesday, from there will be looking for continuation to the upside following the overall trend of the market.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.