XAUUSD Double Zigzag To Complete Correction

From orbex.com

The XAUUSD formation suggests that the current intermediate correction wave (4), is a triple zigzag consisting of minor sub-waves W-X-Y-X-Z. The second intervening wave X has ended, and the final minor wave Z looks almost complete. The internal structure looks to be a double zigzag of the minute degree. The completion requires the construction of the actionary wave ⓨ. It is possible that wave ⓨ will take the form of a double combination, as shown in the chart, and will complete its pattern near 1636.55. At that level, minor waves Y and Z will be equal. The alternative scenario suggests that the formation of the ... (full story)