Another drop for gold?

22 Des 2024

Hi traders,

Last week XAUUSD made a very small correction up, dropped and took the liquidity under the lows. After it came into the Daily Balanced price range (BPR), it made a correction up into the higher Daily FVG.

Next week we could see price go lower again from here to finish the (orange) A-B-C Zigzag correction.

Let's see what price does and react.

Trade idea: Wait for a change in orderflow to bearish to trade shorts.

If you want to see more from my analysis, please make sure to follow me, give a boost 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 trade signals.

Don't be emotional, just trade!

Eduwave