Last week XAUUSD made a very small correction up, dropped and took the liquidity under the lows. After it came into the Daily Balanced price range (BPR), it made a correction up into the higher Daily FVG.
Next week we could see price go lower again from here to finish the (orange) A-B-C Zigzag correction.
Let's see what price does and react.
Trade idea: Wait for a change in orderflow to bearish to trade shorts.
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This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
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