Gold Spot (XAU/USD) -ABC correction of the Elliot wave
Updated
The uptrend of XAU/USD has made a bullish Elliott Wave. In the fifth wave, there is a diagonal, and ABC correction is remaining.
It will fall for a short time to make the ABC correction. The targets for the intraday traders are following 1952 - 1946 - 1936.
If the gold retests 1965, then it will start to rise again for the levels of 1976 - 1982+
It will fall for a short time to make the ABC correction. The targets for the intraday traders are following 1952 - 1946 - 1936.
If the gold retests 1965, then it will start to rise again for the levels of 1976 - 1982+
Trade closed: target reached
Note
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