GOLD (XAUUSD) 31/05/2021 Correction for Go Higher

31 thg 5, 2021

Here is my continuation analysis of GOLD (XAUUSD). Last week, GOLD reached 1912 Gold going down to 1882, and then closed above 1900 last Friday. This indicates to me that GOLD still has the power to continue the movement to the upside. For today, I expect that GOLD will do retracement first before continuing to the upside. For now, I believe GOLD will aiming the 1935-1938 area. I will also give my daily timeframe Elliot waves count below.

Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis.

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