WaveAlchemy
Long

XAUUSD DAILY BULL (CYCLE DEGREE ALTERNATE 1)

FX:XAUUSD   Gold / U.S. Dollar
109 0 5
Hi all,

This wave count states that 1) Cycle A is complete and 2) Cycle B is underway as a simple zig zag .

At this point we must consider the possibility that cycle wave b purple could be near completion. A wave count that supports this hypothesis is when wave B purple is unfolding as a simple zig zag .

In my next publication for gold             I will investigate Primary C closely and develop wave counts that coincide with the defined termination levels for Primary C and Cycle B.
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