XAUUSD long to 1784 before further shorts. Gold has created its wave 1 impulse move followed by a wave 2 correction. It is now at the start of wave 3 which is the strongest impulse move in Elliot Wave theory. Currently undergoing one more small correction within wave 3, which'll help to accumulate more sellers in the market and build up momentum for shorts.
Also, as it is the start of the new month, market needs to move up in order to grab liquidity, take out both buyers/sellers and create its monthly wick.
I will be catching this move on behalf of myself and my Account Management investors.
Also, as it is the start of the new month, market needs to move up in order to grab liquidity, take out both buyers/sellers and create its monthly wick.
I will be catching this move on behalf of myself and my Account Management investors.
Trade closed: target reached
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