Foremost situation: take into account lengthy positions from corrections above the extent of 1931.38 with a goal of 2060.00 – 2100.00
Different situation: breakout and consolidation beneath the extent of 1931.38 will permit the pair to proceed declining to the degrees of 1903.23 – 1865.33.
Evaluation: on the day by day chart, a draw back correction presumably completed creating because the fourth wave of bigger diploma (4), and the fifth wave (5) is forming. Apparently, the third wave of smaller diploma 3 of (5) is shaped on the H4 chart, and a neighborhood correction is accomplished because the fourth wave 4 of (5). Apparently, the fifth wave 5 of (5) began creating on the H1 chart. If this assumption is appropriate, the pair will proceed to rise to 2060.00 – 2100.00. The extent of 1931.38 is essential on this situation as its breakout will allow the pair to proceed declining to the degrees of 1903.23 – 1865.33.
Worth chart of XAUUSD in actual time mode
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