XAUUSD - Short
Price completed a 5 wave structure on the daily.
We hit some resistance targets, and now looking for the correction.
On the 4H we can see a potential head and shoulders.
Looking for the light blue line as the resistance before sending this back down.
Long term target is the 78.6% FIB level.
Shorter term targets are the 23.6% on the purple smaller FIB.
We hit some resistance targets, and now looking for the correction.
On the 4H we can see a potential head and shoulders.
Looking for the light blue line as the resistance before sending this back down.
Long term target is the 78.6% FIB level.
Shorter term targets are the 23.6% on the purple smaller FIB.
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