XAUUSD next possible move!!! 29/11/2022

٢٩ نوفمبر ٢٠٢٢

The wave 2 of gold price retraced more than I expected which is at 0.786 fibonacci level of wave 1 in blue B --> blue C. However, I still stick to the same plan I told you guys, opening my short positions at 0.618 fibonacci level of wave 1 in blue B --> blue C. My stop loss is around 1759.XX and my target is still the same around 1722 which gives us approximately 6 RR.

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

Best wishes,
sillyFACE