XAU/USD (Gold) Elliott Wave Analysis

XAU/USD Trading Analysis :

Gold (XAU/USD Spot)  has completed Five Waves which was Started from 1445 to 1611 and correction in ABC forms seems completed at 1535.

Now the Lower degree of  1st wave is started from 1535 and presently in the 3rd wave.

XAU/USD (Gold) Elliott Wave Analysis
XAU/USD (Gold) Elliott Wave Analysis 

1st wave: 1535 to 1560

2nd wave: 1560-1547 ( 50% Retracement of 1st Wave ) Simple ZigZag Correction 

3rd Wave Forecast : 1547 to 1587 ( 1.618% of 1st Wave ) 

4th Wave complex Correction expected to  1578 -1571 

5th Wave: Expected 1575 to 1613

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