Essential situation: take into account lengthy positions above the extent of 1775.17 with a goal of 2070.98 – 2150.00 after correction.
Various situation: breakout and consolidation under the extent of 1775.17 will permit the pair to proceed declining to the degrees of 1671.75 – 1600.00.
Evaluation: The fifth wave of bigger diploma (5) continues creating on the day by day chart, with wave 3 of (5) forming inside. Wave iii of three seems to be forming on the H4 chart, with a neighborhood correction nearing completion because the fourth wave (iv) of iii inside. Wave с of (iv) of iii is creating on the H1 chart. If this assumption is right, the pair will proceed to develop to 2070.98 – 2150.00 as soon as the wave с of (iv) of iii is full. The extent of 1775.17 is essential on this situation as its breakout will allow the pair to proceed declining to the degrees of 1671.75 – 1600.00.
Value chart of XAUUSD in actual time mode
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