Wave 3 up is coming for gold

Hi traders,

Last week gold started an impulse wave but after it broke the previous high it made another correction down. So this could be wave 1 and 2 (purple) of wave 3 (blue).

Then next week we could see the next impulse wave 3 (purple) up from the bullish 4H FVG on the left.

Let's see what price does and react.

Trade idea: Wait for a change in orderflow to bullish and an impulse wave up and correction down on a lower timeframe to finish and trade longs again.

If you want to learn more about trading FVG's & liquidity sweeps with wave analysis, please make sure to follow me.

This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.

Don't be emotional, just trade your plan!

Eduwave