XAUUSD // SHORT TERM UPDATE

** When we update our labels we see that 5. wave was completed @1987 and it is correction time.

** Most probably a Zigzag correction pattern is developing.

** Then price may increase up to ~1972 level and then can drop till ~1945 level.

** 1952 - 1944 area seems good for buying opportunity. In this scenario this correction wave can not drop beyond wave 1 (1936) which is a good stop loss point.