In the long run, XAUUSD appears to be like at forming a double zigzag development. This is composed of sub-waves Ⓦ-Ⓧ-Ⓨ within the cycle wave z.
The primary two sub-waves Ⓦ-Ⓧ have already ended, and wave Ⓨ is underneath construction.
Most likely the wave Ⓨ takes the type of an intermediate zigzag (A)-(B)-(C).
The top of the prospective zigzag is anticipated to succeed in the 2151.79 space. At that degree, number one wave Ⓨ will probably be equivalent to actionary wave Ⓦ.
In the second one variant, the main actionary wave Ⓨ has ended as a double zigzag (W)-(X)-(Y). All the cycle wave z can take a extra complicated type of a triple zigzag.
Thus, within the close to long term, the fee may just transfer decrease and shape a number one intervening wave Ⓧ. That is like an intermediate zigzag (A)-(B)-(C).
Wave Ⓧ is more likely to finish close to 1697.96. At that degree, it is going to be at 76.4% of wave Ⓨ.
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