Gold & Silver Elliott Wave Analysis 1st MAy 2020

Gold Wave Analysis :

Gold XAU/USD Elliott Wave 

As discussed, X wave in the form of 12345 is completed at 1745 & gold started in ABC Correction

ABC is flat Correction pattern so We are in a C wave and Target of C wave is completed at 1635 for Fibonacci ration 123.6% of A wave.

Silver Wave Analysis :

Silver XAG/USD Elliott Wave Analysis

Impulse wave 12345 is completed at 15.88 and ABC Correction was started. 

ABC is a flat correction.

C wave is forecasted 123.6% of A wave,C wave will be completed at 13.912.

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