Gold XAU/USD Elliott Wave Technical Analysis before NFP Data - 7th May 2020

Gold Wave Analysis :



Gold Wave Analysis
Gold Wave Analysis 

As we are in a 5th Wave on Higher Degree & 5th wave was started from 1453.

Sub waves of 5th wave as 12345 and we are in a 4th wave complex correction as describe as WXYXZ.

As I mention this 4th Sub wave complex correction was end at 1682 if this analysis going to happen then we may see the higher level as 1710/1722/1741/1771


Alternate scenario:


If we close below 1681 then 5th wave might be completed in 1739 and it was failed 5th wave. 
ABC correction may happen and Lower target as 1681/1661/1648 




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