Gold is almost ready to go up again

Hi traders,

Last week XAUUSD dropped and after that it went up again (impulsive). So now the pattern could be changed.

Next week I expect this pair to drop some more into the Daily FVG to finish the bigger complex W-X-Y pullback.
But if it corrects down and makes another impulsive move up, the bigger (ABCDE-triangle) correction has finished and you could look for longs.

Let's see what price does and react.

Trade idea: Trade sells after the finish of a correction up and a change in orderflow to bearish on a lower timeframe. Or trade buys if price breaks the D-leg.

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