waveslover

WAIT FOR THE NEXT BULLISH IMPULSE🌊

OANDA:XAUUSD   Gold Spot / U.S. Dollar
âś…PREVIOUSLY ON GOLD
From 1877(lime3) to 1753, ABC corrective waves are formed and 1753 can be numbered 4(lime), it is thought.


âś…WHERE WE ARE
As 1753 can be numbered 4(lime), we should've waited for the beginning of the next bullish impulse(blue circled 2), which should've been around 1790 - 1776.

If my counting is correct, wave 3(blue) must break 1814, so wave 3 could form extensions(white) to break 1814.

As of now, 1801 - 1795(Fib38.2-61.8) could be a good zone to be bullish again.

*As long as 1784 remains unbroken, this idea is valid.


đź’ˇThe absolute principle for tradingđź’ˇ
BUY - as low as possible
SELL - as high as possible

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