Bearish: Elliott Wave on XAUUSD on the daily

Wave A was May 18-27. It was a wave A and not wave 2, because it had 5 sub-waves, not 3.

If wave C retraces 1.0 of wave A, XAUUSD will bottom at 1674.21.

If wave C retraces 1.618 of wave A, XAUUSD will bottom at 1630.10.

Komentarz:

Credits to Diditgoup for identifying wave legs March 19 - April 30