■Outlook of XAUUSD on 3D chart. I think We are on the wave(ⅳ) shown as a Green-line. Three sub-waves of Wave(ⅳ) are shown by Orange-line. I think sub-waves of Wave(ⅳ) are probably "Regular Flat pattern ((a), (b), (c))". Five sub-waves of Wave (c) are shown by Black-line. Five sub-waves will probably be Impulse (ⅰ,ⅱ,ⅲ,ⅳ,ⅴ).
If the assumption of this scenario is correct, We are probably on sub-wave (c) of wave (ⅳ). Five sub-waves of wave (c) will be Impulse. I think we are probably on sub-wave (ⅰ) of wave (c).
The Low of wave (ⅳ) will grow to Wave (ⅲ)'s Fibonacci level of 38.2%. so, Target is 1,660. In this scenario, the stop loss level is 2070.
@edemadebaron, Thanks for your comment. Two kinds of waves always appear before the waves grow. First, a motive wave with a 5-wave structure appears, next, a corrective wave with a 3 or 5-wave structure appears. but, The motive wave is Nowhere. so, I think the corrective wave is continuing. Thanks for your comment.
edemadebaron
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@EWA-tokyo, When Gold gets below 1906.57, the main purpose has been achieved in the trend and the BULLS will arise backed by Data analysis (fundamental). However in the moment, the bears have an upper hand-until then.