EWA-tokyo

XAUUSD, Elliott wave analysis

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
■Outlook of XAUUSD on 3D chart.
I think we are on the wave(ⅳ) shown as a Green-line.
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))".
The sub-waves of Wave(a),(b), and (c) are shown by Black lines.
Sub-wave of wave(c) is probably an Impulse (ⅰ,ⅱ,ⅲ,ⅳ,ⅴ).

If the assumption of this scenario is correct,
We are probably on sub-wave ⅴ of Wave (c).
Sub-wave ⅴof wave (ⅳ) will be completed shortly.
The wave(ⅳ) will grow to Wave (ⅲ)'s Fibonacci level of 38.2%.
so, Target is 1,620 to 1670.
In this scenario, the stop loss level is 1600.

After Wave ⅴ is completed, Wave (ⅴ) on the upper degree will start.
Wave (ⅴ) will probably be a 5th wave extension impulse.

Last time my idea.
■Jul 24, 2022. Long term analysis.

■May 28, 2022. Short term analysis.

■Mar 21, 2022. Short term analysis.

■Feb 13, 2022. Short term analysis.

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