XAUUSD
W1 - Can be considered as the completion of the correction and the potential beginning of a 3-wave structure, with the implementation of the goal to the levels of 1862.
D1 - The price has approached the breakout of the 1st wave, which can form the 3rd wave and begin a downward movement to the levels of 1890
What can you expect?
You can consider entering from the ~2013 levels with a target of 1890. Also, if you are considering an entry, you can wait for the price to fix below the low of the 1st wave, which will make the entry point more confident.
Cancel if the price breaks the maximum of the 2nd wave - 2067.
Short
Target 1997.87 - 1965.70 - 1937.02 - 1890 - 1862
W1 - Can be considered as the completion of the correction and the potential beginning of a 3-wave structure, with the implementation of the goal to the levels of 1862.
D1 - The price has approached the breakout of the 1st wave, which can form the 3rd wave and begin a downward movement to the levels of 1890
What can you expect?
You can consider entering from the ~2013 levels with a target of 1890. Also, if you are considering an entry, you can wait for the price to fix below the low of the 1st wave, which will make the entry point more confident.
Cancel if the price breaks the maximum of the 2nd wave - 2067.
Short
Target 1997.87 - 1965.70 - 1937.02 - 1890 - 1862