STPFOREX

Examining scenarios

FX:XAUUSD   Gold Spot / U.S. Dollar
After the completion of the bullish wave and the short oscillatory correction that was formed, we saw the price rise to the level of 88.6%.
According to the price behavior, several scenarios will be possible
1- Wave A has ended and now the price is fluctuating and correcting in wave B, and after the correction pattern is finished, the upward trend will continue.
2- Wave A has not finished yet and current fluctuations are part of wave A. Therefore, with the completion of wave A, we will see a change in the trend and the beginning of the correction process

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