FUNTRADER-Vera

2403 P2/8 XAUUSD still not ready for correction yet

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
On weekly chart, GOLD is still not ready for correction yet.
Any short trade that looking for huge correction before 1340 looks risky to us.

Hopefully, Gold will move sideways like ABCD and rally up to make a new high E.

But still first thing first, to make that happen, gold needs to break 1340 first. If it cant break 1340 or make any weak sign before that on weekly chart or daily chart, we will think about huge correction.

LESS IS MORE!

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