XAU/USD IS LIKELY FORM AN A-B-C CORRECTION
Updated
ON THE DAILY CHART, we can see that has a chance to forming an A-B-C Correction in a descending channel. The current count is assumed by 5-3-3 corrective wave. The support area were assumed with Fibbonacci retracements.
The wave count (up and down) were based on Gann time Projection and could be adjusted if the price movement didn't respect the common time ratio of XAU/USD
The wave count (up and down) were based on Gann time Projection and could be adjusted if the price movement didn't respect the common time ratio of XAU/USD
Trade active
I saw a bearish divergence on H4 Chart so I opened short position at 1485 (speculative) with 100 pips stop loss an using recent swing low as target area (around 1460)Trade closed: target reached
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