thenry
Long

Wave "C" or Wave "3" (That is the Question)

FX:XAUUSD   Gold Spot / U.S. Dollar
264 2 7
Really believe we are currently in a Wave "3" which is going to have an Extended 5th wave. Right now we are in a 4th wave down before the extended 5th wave. Looks to me like a double zig-zag . Thinking this move will come close to the wave 1 but will not penetrate it. If correct the "price action" should move quickly up. Some similairities with Wave 1 and 3. Market is expanding.
Nice chart.
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thenry Bandarsq
Thanks!
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