The current XAUUSD structure suggests that the intermediate correction wave (4), which is currently under construction, is a triple zigzag. This triple zigzag consists of minor sub-waves W-X-Y-X-Z. The second minor intervening wave X has ended. The final minor wave Z is a double zigzag of a minute degree. It is possible that the wave ⓨ will take the form of a double combination, as shown in the chart, and will complete its pattern near 1636.45. At that level, minor waves Y and Z will be equal. The alternative scenario suggests that the formation of the intermediate correction (4) has ended. To confirm this ... (full story)