XAU/USD - 4H Chart Forecast
As per previous forecast, gold are rallying up to making wave 1 in Daily Chart.
First target top of wave 1 is at 1797.
From the movement, can see clearly that wave 3 in sub wave M30 chart are making wave 3
and if not extended it will be stop somewhere 1784.
since wave 2 are sharp, we might see wave 4 in ranging bfr continue to wave 5.
Please take note that validation counting support at 1739. breaking this support will having wave recounting.
*Trade at your own risk, my wave counting has been simplified to 3 wave movement.
First target top of wave 1 is at 1797.
From the movement, can see clearly that wave 3 in sub wave M30 chart are making wave 3
and if not extended it will be stop somewhere 1784.
since wave 2 are sharp, we might see wave 4 in ranging bfr continue to wave 5.
Please take note that validation counting support at 1739. breaking this support will having wave recounting.
*Trade at your own risk, my wave counting has been simplified to 3 wave movement.
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