The current AMZN structure shows the formation of a bullish impulse consisting of primary sub-waves ①-②-③-④-⑤.
The first four waves are fully complete. The final wave ⑤ is an intermediate degree impulse.
In the medium term, a move in the intermediate sub-waves (3)-(4)-(5) to 3892.12 is likely.
At that level, wave ⑤ will be at 61.8% of the primary impulse wave ③.
The current XAUUSD structure hints at a final impulse in wave ⑤. This is part of a larger cycle degree impulse. It consists of five sub-waves (1)-(2)-(3)-(4)-(5).
At the time of writing, the market has completed correction wave (4) as a zigzag. It consists of minor sub-waves A-B-C. This now suggests a bullish move in wave (5).
In wave (5). we could expect prices...