Here is my continuation analysis of GOLD (XAUUSD). As we can see GOLD (XAUUSD) right now breaking the daily downtrend channel. That indicates me GOLD (XAUUSD) will make a new trend to the upside. For now, I believe GOLD (XAUUSD) is in subwaves 3 for making the impulse moves to the upside. Next week I believe GOLD (XAUUSD) will go to the downside to retest the daily down trendline channel and also to make subwaves 4 and then continuing to the upside again to complete the subwaves 5 and also the impulse upside movement.
Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis.
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