Elliott Wave Analysis

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Commodities

Elliott Wave Analysis & Forecast, GOLD – XAUUSD, M1, 20190425

May 25, 20191

Elliott Wave Analysis & Forecast, GOLD – XAUUSD, M1, 20190425

In my opinion, correction resumed after green wave B ended at 1346 on 18th February 2019.  Since we saw all time high peak at 1920 in 2011,  correction is forming in ABC pattern. Green wave in the form of A ended at 1046 in 2015 then green wave B started and ended at 1346. Now final wave gren c is continue to develop and ideal target for this wave will be  near 955-960 area even lower. 
muhiuddin
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Comments (1)

  1. January 15, 2021 at 10:13 am

    […] to my previous analysis of 25th May, 2019 where we assumed that correction in green wave 4 has completed its second wave b but it was not the […]

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