Correction up and another drop for gold

2024年7月27日

Hi traders,

Last week XAUUSD made another corrective move up just like I've said in my outlook. After that we saw a strong rejection and another downmove.

For next week we could see some (corrective) upside and another downmove again.

Let's see what price does and react.

Trade idea: Wait for the corrective move up to finish and trade shorts after a change in orderflow to bearish and a small correction up on a lower timeframe.

I'm on holiday the next two weeks so no outlooks. I will be back after two weeks.

If you want to learn more about trading with ICT/ SMC concepts and wave analysis, please make sure to follow me, give a like 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. I do not provide signals.

Don't be emotional, just trade!

Eduwave

2024年7月27日

註釋

I'm on holiday the next two weeks so no outlooks. I will be back after two weeks.