Gold is on the move

Hi traders,

Last week gold started the next impulse wave 5 (grey) just as I've said in my previous outlook.

Price came into the bearish Daily FVG and It looks like wave 3 (purple) is almost finished so next week we could see a pullback for wave 4 and upside again for wave 5 (purple) to finish wave 1 (blue).

Let's see what price does and react.

Trade idea: Wait for the wave 4 correction down to finish and trade longs again.

If you want to learn more about trading FVG's & liquidity sweeps with wave analysis, please make sure to follow me.

This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.

Don't be emotional, just trade your plan!

Eduwave