Gold XAU/USD Analysis for 29th Sep

 As discussed, https://www.weeklypaisa.com/2020/09/gold-elliott-wave-analysis-for-28th-sep.html

4th wave abc correction is running .

C wave of 4th wave forecast :

1) Fibonacci 100% of "a" wave is @ 1880 , 123% @1887 and 161.8% @1898

2) 38.2% Fibonacci of whole 3rd wave is @ 1891

So between 1880 - 1898 is possible to end of 4th wave correction and 5th wave may start for Target of 1840.

 Gold 4th wave Correction :

XAU/USD elliott wave

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.



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