Forming C flat correction wave before forming C wave of Zigzag correction wave and then trending downside.
After a corrective zigzag move the pair, a potential upside move is expected to retest the previous high at 153.8.
The current move of the pair is an impulse wave 1 of wave C inside a Zigzag correction wave to the upside targeting the all time high price of 195.
The zigzag correction wave of ABC is forming, and the price is moving now sideways as wave B between 27000 & 30000. Waiting for a down move toward 26000 to form the completion of wave C as a final destination of the whole downside correction wave.
Gold has potential for last correction wave to the upside near 2000 before it resumes the bear run to the downside toward 1960 and 1940.
Waiting for the formation of the final wave of a zigzag correction wave, before the start of a downside rally. Gold will lose for now.
Wave A of ABC corrective wave is now forming in the shape of ABCDE Triangle and it will end around 21900, before it starts to raise back again to 23700 forming B wave, and then it will sink down with wave C to 21000
A short term wave 4 correction is forming up before it continues its rally to the downside
Ethereum is in the position of a long term zigzag corrective wave completion around 900, if there is still a hope in crypto market, and if the price didn't drop below 500 and succeeded to break the upper boundary of the zigzag wave, then the price shall revive and raise in a new journey aiming toward a new all time high price around 5500
Waiting for XAUUSD to correct with its 4th wave somewhere around 1842 zone and then continues toward its previous top from last week @ 1870
It seems almost that the 2nd wave of bearish impulse is completed in a form of triple zigzag pattern and we are waiting to confirm that by breaking below the boundary of the correction wave channel and continue the journey downside.
After the completion of the 4th wave, the impulse wave will continue forming 5th wave to reach 95.70 zone
It seems that we are now within a B wave back to the 0.6800 support zone, and then rise again to at least 0.7300 resistance zone forming wave C.
After the completion of the 4th wave, the 5th wave will be formed targeting around 168.
target is around 0.704 for the end of 5th wave, just wait until 4th correction wave is completed.