Today, we have a short trade setup for XAUUSD.
Dear Steemians, welcome to Wave Analysis...
XAUUSD
Hello traders. We don't have any trade setup yet, but we can have one soon. I'm waiting for a correction to take a short trade. On the other hand, the structure between yellow lines can be a flag for more upside and the blue line is 0.786 retracement of down move, so it can be the target for upside. If it goes up one more time, I will wait for reversal impulse and correction to sell it.
My medium-term target is the completion of this weekly regular flat:
You can visit the published idea page on Tradingview by clicking the name of the asset. If you like to see more details and explanations about this trade setup and updating of Hotlist items you can watch today's video on DTube by clicking the following image.
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Until next time, trade with care.
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DISCLAIMER:
Don't invest more money than you can afford to lose. Trading carries a high degree of risk. Everything here is my personal opinion, should not be considered as trade calls.