XAUUSD Impulsive Structure Hints At Final Leg

From orbex.com

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 to rise above 2075.88. This is the high registered by impulse wave (3). An alternative scenario suggests that intermediary wave (4) is not yet complete. Its structure points to an A-B-C zigzag, where minor wave C is incomplete. After completing this ... (full story)