XAUUSD
Updated
There are two possible scenarios:-
1) Unfolded Wave C
2) Wave C
This can be determined by either a break at 1826 price level or a retracement at any point of time now. Fierrax does not always bias to any trend and we analyze based on wave. It can be a buy if 1865 breaks or a sell if 1841 breaks.
For education purposes only.
1) Unfolded Wave C
2) Wave C
This can be determined by either a break at 1826 price level or a retracement at any point of time now. Fierrax does not always bias to any trend and we analyze based on wave. It can be a buy if 1865 breaks or a sell if 1841 breaks.
For education purposes only.
Note
So gold went up to 38.2% and fail to reach 50% but reaching 50% is just matter of time. Please bear in mind correction is always a 3 wave pattern. I believe it is now moving down to wave B then we will able to C wave C towards yesterday target at 61.8% later today.
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