XAU/USD Trading Set-up - Short-Term Sell - Long-term Buy
We are waiting for the Bullish Divergence to appear and point us on the up-side.
However, there is still Bearish Sentiment around Gold these times, especially withe FOMC Rate Decision coming.
The current Wave Analysis is stating that the Bullish Trend that started for Gold in December 2015 is a mere A-B-C Corrective Structure within the overall Macro-Trend.
Bullish Trend from 2016 represents Wave A and the recent Correction represents a W-X-Y-X-Z Complex Corrective Structure.
According to the Fibonacci Measurements and the Points of Interest, we are approaching a Significant Support which can provide a Bullish Retracement.
However, there is still Bearish Sentiment around Gold these times, especially withe FOMC Rate Decision coming.
The current Wave Analysis is stating that the Bullish Trend that started for Gold in December 2015 is a mere A-B-C Corrective Structure within the overall Macro-Trend.
Bullish Trend from 2016 represents Wave A and the recent Correction represents a W-X-Y-X-Z Complex Corrective Structure.
According to the Fibonacci Measurements and the Points of Interest, we are approaching a Significant Support which can provide a Bullish Retracement.
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