Hi guys!
It's hard to say when exactly the corrective wave 4 of XAUUSD will be finished, but in my opinion I think it's an important zone, cause if gold falls more, it enters the wave 1 zone of my Elliot wave Analysis and I have to change my opinion about it, but based on my current analysis, after I saw an ending diagonal, I think it's time to start an impulsive wave. so be patient for entering at the right moment with the best risk/reward, Also MACD and RSI show some signal for a bullish movement.
Let's see! Hope it helps!
It's hard to say when exactly the corrective wave 4 of XAUUSD will be finished, but in my opinion I think it's an important zone, cause if gold falls more, it enters the wave 1 zone of my Elliot wave Analysis and I have to change my opinion about it, but based on my current analysis, after I saw an ending diagonal, I think it's time to start an impulsive wave. so be patient for entering at the right moment with the best risk/reward, Also MACD and RSI show some signal for a bullish movement.
Let's see! Hope it helps!
