XAUUSD Wave Analysis

Market is currently in corrective mode after big upside move
We are slowly grinding towards support with weekly stochastic getting oversold

Price still needs to go down a bit further before next buy position is possible
We are waiting for significant price action and lower timeframe trend change

Important news are coming which often act as a good catalyst.
But news just lead to volatility, the direction is already given by the overall structure.


Be patient and stick to your trading plan.



This for educational purpose only. No Investment advice. Trade with demo account before risking your own money.