#الذهب against the US dollar 🇺🇸 (#XAUUSD ) - Time frame 30 minutes
Is it time to see a deeper correction? 🤔
* One potential scenario is the formation of an upward wave within a leading diagonal pattern.
* The price may rise now to complete the fifth wave of this pattern through a corrective move.
In the event of a reversal from the upper limit of the pattern, we can expect the following:
Potential forecasts:
* A strong downward move within the sub-waves of wave (2)/(B).
* The downward target range is between 3967.85 and 3921.45.
* If the price reverses from this area, it may be followed by a subsequent upward movement.
* ⚠️ A breakout below the level of 3886.57 opens the door for a larger correction, so caution is advised in case of a breakout at this level.
