XAU USD // Elliot Analyse // 1H // LONG
The 4th corrective wave (running flat) seems to be completed.
With a long position from this level, approximately 1970 level can be set as the target for the 5th wave.
Closes below the 1948 level shows that the 4th correction wave is not over yet so 1948 is a good level for stop loss.
With a long position from this level, approximately 1970 level can be set as the target for the 5th wave.
Closes below the 1948 level shows that the 4th correction wave is not over yet so 1948 is a good level for stop loss.
Note
Long posizitions closed. It seems that the price was increased to 1970 level and 5. wave was completed.
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