XAUUSD has been on the uptrend for a really long time.
Actually ,it start from the end of Nov of 2019 and reached 1611, higheset high in 6 years, last week.
Considered last week as the signal of the end of the long time uptrend, it is now on the correction down to fibo 0.500-0.6180. The red zone could be a support zone for the 1st corrective wave.
Good luck!!!
LESS IS MORE!
Actually ,it start from the end of Nov of 2019 and reached 1611, higheset high in 6 years, last week.
Considered last week as the signal of the end of the long time uptrend, it is now on the correction down to fibo 0.500-0.6180. The red zone could be a support zone for the 1st corrective wave.
Good luck!!!
LESS IS MORE!
