XAUUSD preparing for a rally?
On the opening day of the week price has made an eye catching advance right at the 100% extension level of A through B.
I labelled the advance move as wave 1 followed by a corrective move which I labelled wave 2 and now expecting price to for a wave 3 rally. I will be patient with price as it unfolds and reveal more about itself.
As of now I will stick with this analysis until the recent low is taken out.
Happy trading week to everyone.
God Bless You.
I labelled the advance move as wave 1 followed by a corrective move which I labelled wave 2 and now expecting price to for a wave 3 rally. I will be patient with price as it unfolds and reveal more about itself.
As of now I will stick with this analysis until the recent low is taken out.
Happy trading week to everyone.
God Bless You.
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