XAU/USD Stuck in Range 1571 - 1605 Big move may see in few days.

XAU/USD Gold :


As we discussed in the last post, XAU/USD Gold Elliott Wave Analysis 2nd April 2020

Impulse Wave 12345 Range: 1455 to 1640

Correction Wave Pattern abc :

(a) Wave : 1640-1597
(b) Wave : 1597-1645 ( More than a Wave So the correction is Expanded Flate Type )
(c) Wave : 1645 - 1566 (161.8% of "b" Wave)

New Impulse Wave (i) : 1566-1601
Correction Wave (ii) : 1601-1578

Forecast Wave iii: 1578 - 1626 (161.8% of Wave i )

As per Current Market Price 1591 gold is in Range and One more forecast may see as below.

XAU/USD
XAU/USD 
Bears will get active below 1581 for the Next Leg towards Fib Ratio 61.8% at 1522
Bulls will get active above 1615 for next uptrend towards 1641/1655.

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