free stats

XAU/USD: Wave analysis and forecast for 19/10/2018 – 26/10/2018

XAU/USD: Wave analysis and forecast for 19/10/2018 – 26/10/2018

The XAU/USD pair is under correction, still likely to grow. Estimated pivot point is at a level of 1183.05.

Main scenario: long positions will be relevant from corrections above the level of 1183.05 with a target of 1263.50 – 1288.00.

Alternative scenario: breakout and consolidation below the level of 1183.05 will allow the pair to continue declining to the levels of 1140.70 – 1120.00.

Analysis: Supposedly, a downward impetus 1 finished developing within the wave (C) of senior level on the daily time frame. An upward correction is developing on H4 time frame in the form of wave 2 of (C), with the wave (c) of 2 forming inside. On the H1 time frame, supposedly the wave iii of (c) has been formed and a local correction (iv) of c is completed. If the presumption is correct, the price will continue to rise to the levels of 1263.50 – 1288.00. The level 1183.24 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

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