2024-06-12 XAUSD Bearish Case: Lower prices with Wave 3 of C
- Gold created wave 1of3 during currently ongoing Wave C
- Wave 2 is ongoing and with Wave 3of3 I'm expecting much lower prices.
- This is my main scenario right now.
- The key to differentiate between Bullish and Bearish scenario is to observe price behavior at next swing low. If price find a bid, we're in Bullish scenario, however if it keeps dropping we're in Bearish scenario.
- Wave 2 is ongoing and with Wave 3of3 I'm expecting much lower prices.
- This is my main scenario right now.
- The key to differentiate between Bullish and Bearish scenario is to observe price behavior at next swing low. If price find a bid, we're in Bullish scenario, however if it keeps dropping we're in Bearish scenario.
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