XAUUSD

Gold has a deep dive last week, however every deep dive will have a correction. In the point of EW view, currently it is moving towards Wave 4 correction. Fierrax foresee that it is an expanded Wave 4 of Wave ABC. Wave C has a few possible level which is 61.8%, 100% and 123.6%. It has successfully hit 61.8% and two more level to go. However 1H appears divergence. Thus, there are two good selling point, which is at 123.6% or on the break of last week bottom.

For education purposes only.