A completion of the correction phase, yet a push further to the bearish market is still on the cards. What's missing is the last wave C of the correction until we can ponder any bullish opportunities. It is currently trading below the 89 day EMA, a rejection here would further validify the sell.
XAUUSD looking to retest level 34% of Fib Retracement. Has already completed the first wave and second wave of Corrective wave C, 3 more to go before we reach level 55%. The XAUUSD is currently inside a bearish ending diagonal, and a break below is much anticipated!
