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XAUUSD Double Zigzag Hits Equality
In the long term, XAUUSD looks at forming a double zigzag pattern. This consists of sub-waves Ⓦ-Ⓧ-Ⓨ inside the cycle wave z. The first two sub-waves Ⓦ-Ⓧ have already ended, and wave Ⓨ is under development. Perhaps the wave Ⓨ takes the form of an intermediate zigzag (A)-(B)-(C). The end of the potential zigzag is expected to reach the 2151.79 area. At that level, primary wave Ⓨ will be equal to actionary wave Ⓦ. In the second variant, the primary actionary wave Ⓨ has ended as a double zigzag (W)-(X)-(Y). The entire cycle wave z can take a more complex form of a triple zigzag. Thus, in the near future, the price could ... (full story)