Last week XAUUSD did exactly what I've said in my outlook. After the finish of the correction down and a retest into the lower Daily and 4H FVG, price went up again to make an ATH. There were some comments that I was wrong and price would not make an ATH. Well, I've made money. Did you?
Now price is rejecting and wave 5 (grey) could be finished. So next week we could see an impulsive move down.
Let's see what price does and react.
Trade idea: Wait for more development. This is not the time to trade gold.
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This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. I do not provide signals.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.