Bearish: Elliott Wave on XAUUSD on the daily
Updated
Wave A was May 18-27. It was a wave A and not wave 2, because it had 5 sub-waves, not 3.
If wave C retraces 1.0 of wave A, XAUUSD will bottom at 1674.21.
If wave C retraces 1.618 of wave A, XAUUSD will bottom at 1630.10.
If wave C retraces 1.0 of wave A, XAUUSD will bottom at 1674.21.
If wave C retraces 1.618 of wave A, XAUUSD will bottom at 1630.10.
Note
Credits to Diditgoup for identifying wave legs March 19 - April 30
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