Gold / XAUUSD Bullish

٢٠ فبراير ٢٠٢٢

Based on wave analysis and Ichimoku, Gold seems in bullish mode, but it will retrace a bit before move it up to about 1950 approaching supply zone to complete wave 1 (assume wave IV at higher degree completed, or to complete wave X (if the wave part of correction) When price peaked @1950, actually there is some possible scenarios. Here I make tow simple scenario, 1) price may retrace to make correction downside either simple zigzag (ABC) or others. 2) price further move down to complete wave Y/IV.

See how it plays....