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Old 26-02-2021, 06:27
MikhailLF MikhailLF is offline
Level V Lasers Member
Join Date: Sep 2017
Posts: 795
Default Re: Forex News Analysis by LiteForex

XAU/USD: wave analysis

The pair is in a correction, a fall is possible.

On the daily chart, the third wave of the higher level (3) formed, and a downward correction develops as the fourth wave (4). Now, the wave C of (4) is forming, within which the wave iii of C is developing. If the assumption is correct, the pair will fall to the levels of 1728.611622.21. In this scenario, critical stop loss level is 1876.65.

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