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nezyrinfx
May 3, 2022 12:04 AM

XAUUSD WXY Correction 

Gold/U.S. DollarFXCM

Description

An update for this WXY Corrective Wave from peak of $1998, looks like price made lower low than wave ((A)) after a climb in 3 waves. Only plausible structure here is a Flat Correction since wave (A)(red) did not reach 38.% fib retracement of the decline from $1988 peak. Expanded Flat Correction most common area to end for wave (C) is 50% of the previous move which comes around $1926.
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