XAUUSD Gold Price May Fall To 1595.91

From orbex.com

The Gold structure suggests that the intermediate correction wave (4), is a triple zigzag consisting of minor sub-waves W-X-Y-X-Z. As part of the correction (4), the final minor wave Z is under construction and is almost complete. If we take a closer look at its structure, we can see that it is a double zigzag of the minute degree. In order to conclude it is necessary to complete an actionary wave ⓨ. Wave ⓨ will take the form of a double combination (w)-(x)-(y) of the minuette degree. This can end its pattern near 1595.91. At that level, minor waves Y and Z will be equal. It is possible that the formation of the ... (full story)