Gold (XAUUSD) May See Larger Degree Correction
Gold (XAUUSD) cyclc from 12.28.2023 high is in progress as a double three Elliott Wave structure. Down from 12.28.2023 high, wave W ended at 2001.6 and rally in wave X ended at 2065.6. The metal then turns lower again in wave Y. Wave Y subdivides into another double three in lesser degree. Down from wave X, wave i ended at 2051 and wave ii ended at 2058.70. Wave iii lower ended at 2027.6, wave iv ended at 2042.22, and wave v lower ended at 2014.50. This completed wave (a) in higher degree. Rally in wave (b) ended at 2044.55 as a zigzag. Up from wave (a), wave a ended at 2038.8 and wave b ended...