Forex forecasts and market outlooks

High-quality Forex forecasts and financial market reviews from professional analysts are added daily!

Clients of the Tifia broker get exclusive access to high-quality materials from independent analytical agency Claws&Horns in their Client Cabinet: technical and fundamental market analysis, Forex economic event calendar, currency, stock, index and cryptocurrency forecasts, trading indicators signals and much more.

18.11.2019

XAU/USD: wave analysis

The pair is in a correction, a fall is possible.

On the daily chart, an upward trend forms as the third wave of the higher level iii of C of (B). Now, a local correction is developing as the fourth wave of the lower level (iv) of iii, within which the wave c of (iv) is forming. If the assumption is correct, the pair will fall to the levels of 1412.74–1378.45. In this scenario, critical stop loss level is 1516.80.