XAUUSD - Elliot Wave Forecast

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello all,

An update on XAUUSD , price is nearing the 1750 - 1760 zone as outlined in my previous idea.

The corrective structure is still in formation with a lower degree 5 wave structure in progress. This is my primary count and we are currently in wave (iii) which can potentially extend further to 1741-1739 before retracing into wave (iv).

I'm expecting this structure to complete (wave v) with a drop into the 1720-1690 zone before putting in a final sideways correctional sequence of some sort through out December.

More on that when we get there, follow for further updates and be patient if you're waiting for a long swing position.

Trade safe,
Beyond Edge


This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.

Do not trade or speculate based solely on the information provided. Trust your own analysis.

Beyond Edge
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Still following this count and expecting a move further down. Will update later in the day.