More upside for gold

Hi traders,

Last week XAUUSD did exactly what I've said in my outlook.
I've made a good profit, did you?
It doesn't matter if your analysis is right or wrong, it does matter if you can adapt quick.

So after a sharp correction down on Monday this pair slowly went up again and on Thursday it started another correction.
I think price is now in wave 5.

If this is correct, then next week we could see the finish of the correction down into the Daily FVG and another wave up.

Let's see what price does and react.

Trade idea: Wait for the small correction down to finish and a change in orderflow to bullish on a lower timeframe and trade longs.

If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.

This shared post is only my point of view on what could be the next move in this pair based on my analysis.
If you don't agree, that's fine but I don't need to know it.
I do not provide signals.

Don't be emotional, just trade!

Eduwave