According to some Elliott wave analysts, XAUUSD is currently in a corrective phase after completing a five-wave impulse from the low of 1160.17 in August 2018 to the high of 2074.88 in August 2020. The correction is expected to be a complex WXYXZ structure, with the final Z wave targeting the levels of 1723.42 – 1698.943. After that, a new impulse wave could...