After making a fairly high increase, Xauusd has arrived at the sell QM area and is preparing to go down, but if this area is broken, Xau will drop when he enters the supply htf
Based on my analysis, xau is highly possible to fly to the moon during the later fomc
EG Potentially Drops Back After Breaking Off Structure At Tf H4, the supply area will be filled before eg drops again
XAUUSD Forming a perfect distribution wyckoof just waiting for the price to enter ob and xau will go down
XAUUSD has the potential to go down again starting with a sign that the distribution wyckoff is forming
in my previous post about eurusd, i said that eurusd is in the eliot wave structure, and in my previous post i predicted eurusd will go down to wave 4 and now i predict that eurusd will go to wave 5
On Tf 4h, I saw Eurusd forming elliott wave 1 - 5, now EU is on wave 3 and heading for wave 4
GBPCHF has finished its 5th wave on the elliot wave theory, and it is possible to change the direction of the h4 trend
after the drop, we saw audusd re-enter the buy area, seeing the previous price action, audusd should have gone back up
Dxy has the potential to go down because it has faced its resistance, we can use the decline in dxy to buy the gold pair