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13.07.2020

XAU/USD: wave analysis

The price may grow.

On the 4-hour chart, an upward correction of the higher level develops as the wave (B), within which the fifth wave v of C of (B) forms. Now, the fifth wave of the lower level (v) of v is developing, within which the wave v of (v) is forming. If the assumption is correct, the price will grow to the levels of 1830.00–1845.00. In this scenario, critical stop loss level is 1772.70.

10.07.2020

08.07.2020