■Outlook of XAUUSD on 1-month chart.
We are in sub-wave 5(Red) of wave Ⅴ (Black).
and, Sub-wave of wave 5(Red) is shown by Blue-line.
The Wave shown by Blue-line is probably an impulse.
I think the third wave of this impulse will be extended.
next, Sub-wave of wave (iii)(Blue) is shown by Green-line.
This Sub-wave is also an impulse.
I think the Fifth wave of this impulse will be extended.
Now, I think we are in sub-wave iv(Green) of wave (iii) (Blue).
■Outlook of XAUUSD on 1-week chart.
https://www.tradingview.com/x/CNqmeEPu/
*Main scenario
The sub-wave of wave iv(Green) is probably "Triangle".
I think that we are on sub-wave D shown by Black line.
Wave iv(Green) will change to wave v, after the sub-wave D and E is complete,
*Sub scenario
The wave iv(Green) will change to wave v, after Fibonacci reached 50-61.8% and the sub-wave contact the base channel.
We are in sub-wave 5(Red) of wave Ⅴ (Black).
and, Sub-wave of wave 5(Red) is shown by Blue-line.
The Wave shown by Blue-line is probably an impulse.
I think the third wave of this impulse will be extended.
next, Sub-wave of wave (iii)(Blue) is shown by Green-line.
This Sub-wave is also an impulse.
I think the Fifth wave of this impulse will be extended.
Now, I think we are in sub-wave iv(Green) of wave (iii) (Blue).
■Outlook of XAUUSD on 1-week chart.
https://www.tradingview.com/x/CNqmeEPu/
*Main scenario
The sub-wave of wave iv(Green) is probably "Triangle".
I think that we are on sub-wave D shown by Black line.
Wave iv(Green) will change to wave v, after the sub-wave D and E is complete,
*Sub scenario
The wave iv(Green) will change to wave v, after Fibonacci reached 50-61.8% and the sub-wave contact the base channel.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.