XAUUSD: Elliott wave analysis and forecast for 23.04.2021 – 30.04.2021
Main scenario: consider long positions from corrections above the level of 1760.30 with a target of 1817.95 – 1851.32.
Alternative scenario: breakout and consolidation below the level of 1760.30 will allow the pair to continue declining to the levels of 1722.72 – 1675.55.
Analysis: The ascending third wave of larger degree (3) formed on the daily time frame, and a descending correction developed as wave (4), supposedly. H4 time frame: apparently, the fifth wave (5) has started forming, with the first wave of smaller degree 1 of (5) forming inside. Apparently, the third wave iii of 1 finished forming, and... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/6hrW
