nezyrinfx

XAUUSD Wave Count Update

FX:XAUUSD   Gold Spot / U.S. Dollar
A break lower than $1850 will make 5 waves down from peak of $2070 and indicating it will be an impulse move. Expecting price to bounce anytime soon between $1835 - $1813 for a bigger pullback for Wave 2 before further decline towards $1672 - $1426 in the long term.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.