XAU/USD(Gold) lokks like formation of Ending Diagonal Structure
ELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart.
Elliott wave is an road map to identify the direction of market.
Wave "1" : Motive wave completed
Wave "2" : Simple zigzag completed
Wave "3" : Motive Wave Golden wave also completed.
Wave "4" : Correction completed.
Wave "5" : Market structure trying to form an Ending diagonal, wait for structure formation so that gold can move downside upto 1650 level
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Elliott wave is an road map to identify the direction of market.
Wave "1" : Motive wave completed
Wave "2" : Simple zigzag completed
Wave "3" : Motive Wave Golden wave also completed.
Wave "4" : Correction completed.
Wave "5" : Market structure trying to form an Ending diagonal, wait for structure formation so that gold can move downside upto 1650 level
Kindly hit the like button to forecast the chart like this further