XAUUSD 1hr

The 5th Elliott wave has concluded. In the 1hr timeframe the 4hr ZLSMA (Length: 32) has broken the 200 EMA and 200 SMA and the chart has pulled itself back up to the EMA and SMA and then it's broken off the 4hr ascending channel. My opinion is that it will correct until the Fibonacci 0.5 mark ($2769).
Target 1: $2821 (Fibo 0.3618)
Target 2: $2769 (Fibo 0.5)
Stop Loss: $2921

This is not financial advice, I'm simply sharing my own analysis and opinions. Be cautious and conscious with your trades and don't take my word for it.