free stats

XAU/USD: Wave analysis and forecast for 10/08/2018 – 17/08/2018

XAU/USD: Wave analysis and forecast for 10/08/2018 – 17/08/2018

Descending trend for the pair XAU/USD continues. Estimated pivot point is at a level of 1236.11.

Main scenario: short positions will be relevant from corrections below the level of 1236.11 with a target of 1170.58 – 1140.70.

Alternative scenario: breakout and consolidation above the level of 1236.11 will allow the pair to continue rising to a level of 1266.50.

Analysis: Supposedly, an ascending wave of senior level C of (В) finished developing within the daily time frame and the wave (C) started forming. A downward impetus is developing as the third wave iii inside the wave 1 of (C) on the 4-hour timeframe. Supposedly, the third wave of junior level (iii) of iii is nearing completion on the 1H time frame. If the presumption is correct, the price will continue to drop to the levels 1170.58 – 1140.70 after a local correction (iv) of iii. The level 1236.11 is critical in this scenario.

 

Do You Want To Make Thousands Of Dollars Extra Cash Every Month
From Forex Trading In Pakistan?

Subscribe To Our Mailing List And Get Free Forex Training Videos, Free Forex Trading Strategies, Free Forex Indicators, Robots And Free Forex Analysis From ForexGuru.Pk Team In Your Email

We Respect Your Privacy And Protect It Seriously

Categories: Free Forex Signals

Tags:

Free Forex Course - Free Forex Signals - ForexGuru.Pk - Dr. Zia-al-Hassan

Do You Want To Make Thousands Of Dollars Extra Cash Every Month
From Forex Trading In Pakistan?

Subscribe To Our Mailing List And Get Free Forex Training Videos, Free Forex Trading Strategies, Free Forex Indicators, Robots And Free Forex Analysis From ForexGuru.Pk Team In Your Email

We Respect Your Privacy And Protect It Seriously