XAUUSD Analysis
The possibility of GOLD to buy are slightly high, but we do have to look at the old low which can be used as an invalidation level as waves 1 and 2 are never equal. We could potentially see price rally we reached the 78.6 Fibonacci golden zone. And the recent down wave looks to be corrective than impulsive.
EURGBP Analysis
The upside is potentially over as the impulse move pattern looks complete wave 1 and 4 are equal, waves 1 and 4 not overlapped. Chances are we will soon see price unfold as correction pattern( corrective phase).
The possibility of GOLD to buy are slightly high, but we do have to look at the old low which can be used as an invalidation level as waves 1 and 2 are never equal. We could potentially see price rally we reached the 78.6 Fibonacci golden zone. And the recent down wave looks to be corrective than impulsive.
EURGBP Analysis
The upside is potentially over as the impulse move pattern looks complete wave 1 and 4 are equal, waves 1 and 4 not overlapped. Chances are we will soon see price unfold as correction pattern( corrective phase).
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