XAUUSD possible next move!!! 30/11/2022

2022年11月30日

I need to admit that my previous analysis was wrong. Here is why... Taking time factor into account, I would say that we are still in the "blue B". It could be the correction of abc x abc for the gold price as shown in the graph instead of abc and then directly begins with big blue C. The question is what is the safe price for opening short position? Personally, I will open my short positions again around 1760-1763 which is the previous high. My target is still the same which is 1722. Therefore, we will have higher RR with this strategy.

*Don't forget to do RR and adjust your stop loss
**Not a financial advice

Best wishes,
sillyFACE