WaveAnalysis

XAUUSD Possible Short Trade Setup

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello traders.

We don't have any trade setup yet, but we can have one soon. I'm waiting for a correction to take a short trade. On the other hand, the structure between yellow lines can be a flag for more upside and the blue line is 0.786 retracement of down move, so it can be the target for upside. If it goes up one more time, I will wait for reversal impulse and correction to sell it. My medium-term target is the completion of this weekly regular flat:


If you think this is a valid forecast and good trade setup, please hit the like button and share.
I appreciate that if you leave a comment and let me know what do you think about this idea.

Trade with care...

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