XAUUSD

So here we are, gold has completed the submicro wave B as i commented yesterday, and is heading towards submicro wave C. Something important here to bear in mind, there are 3 possible level for submicro wave C (61.8%, 100%, 123.6%). From my point of view, it likely wont reach 123.6% as that level has exceeded the retracement level for micro wave 2. On top of that, wave 3 is always in a five wave form, but we yet to have a clear picture of five wave. When looking into smaller time frame, indeed gold currently is on minuscule wave 3. But it is very unclear. So we shall continue to monitor.

This is not trading advice and is just my opinion on the market.