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XAU/USD spot Forex: XAUUSD
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I would like to share with you this analysis of gold in a simple and clear way. At present, the price is in a natural adjustment trend within the fourth wave IV after a strong rise in the third wave.
The decline we are seeing now is considered a correction only, with the expected area for the end of wave 4 to be around:
3,869 – 3,819 – 3,769
Once the correction within these areas is complete, gold is expected to begin a rebound and move up to Wave V, with possible targets at:
4,523 – 4,693
– Overall, the main trend remains bullish after the end of this correction.
Here is a simple explanation so that the picture is clear to everyone.
