2 Possible Scenario on GOLD

May 7, 2018

Same like EURUSD, i didn't analyze correctly on GOLD. I am expecting one more C wave (purple). But if the C wave was completed from truncated pattern, then XAUUSD can directly go down like EURUSD. XAUUSD now is on it's support. But the price move this week will determine where XAUUSD will go. But XAUUSD move in the same direction as EURUSD, then XAUSUD will go down. I personally only look SELL setup on this pair