XAUUSD
W1 - The beginning of the formation of the 5th wave - it is better to consider targets for breaking the high of the 3rd wave, since it was an impulse.
D1 - A 3-wave structure has been formed, which can lead to further upward movement, targets that can be seen at 2166.58
What can you expect?
You can consider entering from these levels ~2047.18 with a target of 2166.58
Cancellation if the price breaks the minimum of the 2nd wave - 2015.98 - Risks should not be increased, since the price is at historical highs.
Long
Target 2061.65 - 2094.22 - 2121.80 - 2166.58
W1 - The beginning of the formation of the 5th wave - it is better to consider targets for breaking the high of the 3rd wave, since it was an impulse.
D1 - A 3-wave structure has been formed, which can lead to further upward movement, targets that can be seen at 2166.58
What can you expect?
You can consider entering from these levels ~2047.18 with a target of 2166.58
Cancellation if the price breaks the minimum of the 2nd wave - 2015.98 - Risks should not be increased, since the price is at historical highs.
Long
Target 2061.65 - 2094.22 - 2121.80 - 2166.58