After bouncing off the 1122 Levels, XAUUSD (GOLD) started the Up-Trend.
So far we have the 1st Impulsive Intermediate Wave, which is coming to an end soon.
2nd Corrective Wave (ABC Structure) will most likely commence very soon.
Great confirmation would be a Bearish Divergence at the end of the 5th Minor Wave.
Conservative Entry - 1230 or 1240
Aggressive Entry - 1220
So far we have the 1st Impulsive Intermediate Wave, which is coming to an end soon.
2nd Corrective Wave (ABC Structure) will most likely commence very soon.
Great confirmation would be a Bearish Divergence at the end of the 5th Minor Wave.
Conservative Entry - 1230 or 1240
Aggressive Entry - 1220
Trade closed manually:
closed with partial profit
