Correction down for gold

Hi traders,

Last week XAUUSD made a sharp correction down and after that it went up again. It looks like price is making an extended (grey) wave 3.

It this is true, then next week we could see the finish of a correction down and after that up again.

Let's see what price does and react.

Trade idea: Wait for the correction down to finish. After that wait for a change in orderflow to bullish and a small correction down on an lower time frame to trade longs.

Note: Next week there will be no analysis because I'm on a holiday with my family. The week after that I'm back for more analysis.

If you want to see more from my analysis, please make sure to follow me, give a boost and respectful comment.

This shared post is only my point of view on what could be the next move in this pair based on my analysis.
If you don't agree, that's fine but I don't need to know it.
I do not provide signals.

Don't be emotional, just trade!

Eduwave