EWA-tokyo

XAUUSD, Elliott wave analysis

Short
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.
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))".
The sub-waves of Wave(a),(b), and (c) are shown by Black lines.
Five sub-waves of wave(c) are probably an Impulse (ⅰ,ⅱ,ⅲ,ⅳ,ⅴ).

If the assumption of this scenario is correct,
We are probably on sub-waveⅲ of Wave (c).

The wave(ⅳ) will grow to Wave (ⅲ)'s Fibonacci level of 38.2%.
so, Target is 1,660 to 1620.
In this scenario, the stop loss level is 1997.

■Last time idea, Mar 21, 2022.

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