XAUUSD: Elliott wave analysis and forecast for 24.12.2021 – 31.12.2021
Main scenario: consider long positions from corrections above the level of 1750.33 with a target of 1913.87 – 2075.27.
Alternative scenario: breakout and consolidation below the level of 1750.33 will allow the pair to continue declining to the levels of 1673.63 – 1601.98.
Analysis: daily chart: an ascending third wave of larger degree (3) is formed, a descending correction developed as the fourth wave (4), and the fifth wave (5) appears to be unfolding, with the third wave of smaller degree 3 of (5) starting to form inside. Wave i of 3 appears to continue developing on the H4 chart, with... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/jtrgd
