XAUUSD CASE STUDY 1

Well guys
We will be doing a case study on gold to see what the next possible moves will be

Currently we are seeing the following

Elloit wave count completed
Corrective pattern
Decending wedge pattern

Clear support area

Looking at the conditions of the market
The completetion of the wave pattern and corrective pattern coming into play
We could see more up swing in gold

This is also supported by the touch of support and heavy rejection to continue with the decending wedge pattern.


Info for now points to a possible buy zone or beakout of decending wedge pattern.