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17.09.2020

16.09.2020

15.09.2020

14.09.2020

XAU/USD: wave analysis

The pair may grow.

On the daily chart, the third wave of the higher level (3) develops, within which the wave 5 of (3) forms. Now, the wave iii of 5 of the lower level has formed, a local correction has developed as the wave iv of 5, and the wave v of 5 is forming. If the assumption is correct, the pair will grow to the levels of 2130.03–2200.00. In this scenario, critical stop loss level is 1902.82.