Gold 5th Wave Target 1848/1815 - 29th Sep

 As discussed ,https://www.weeklypaisa.com/2020/09/gold-xauusd-analysis-for-29th-sep.html

There is Two Possibility,

If ABCDE Correction : 23.6% Fibonacci @ 1877

IF ABC Correction : 38.2% Fibonacci @ 1891

So if this  is ABCDE correction then gold in a D wave progression and D wave shall complete at 1850

If ABC correction then we may see 1891 as C wave.

Let's continue,

Gold Elliott wave


ABC correction might completed @ 1887 and 5th wave of the C wave was equal to 3rd wave so it is extended 5th wave .

New 5th wave impulse on higher timeframe started from 1887 as below 


GOld 4h Price action

5th wave Target 1848/1815


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