Here is a nice and clear abc
pattern in XAUUSD
. last night a third wave of C brought us to 1308. the iv(C) should turn in the iv wave area as illustrated, before a fifth wave moves up UNDER 1317. (strong stoploss level ifthe analysis is correct). I will be looking for a fifth wave weaker than the third wave, to turn around at .618 of the iii
wave OR after a clear five wave fractal
has broken a fresh high above 1308. Targets are potentially big.