Gold XAU/USD Elliott Wave Target 1732 - 17th April 2020

Gold Wave Analysis 17th April 2020:

Gold Elliott Wave Analysis April 2020
Gold Elliott Wave Analysis

Gold Forecast on high 1747 made on 14th April which is strating of A wave and pattern appear as Flat ABC Correction (3-3-5).

B wave retracement is 71.8 % of % of A wave. 

C is unfolded Ending Diagonal with 5 sub-waves & it is completed at 138.2% of A wave around 1678.

New 1st Impulse wave is started from 1678 to 1705 and correction of th 1st wave is going on.

If gold sustain above 1678 then we may see 1732 as a 3rd wave forecast.

Note: This analysis is nullified if Gold Close below 1677.

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