XAUUSD Analysis August 15, 2020
We see market completing waves 1, 2, 3. Two possible things may occur for this coming week:
1. Market may very produce a corrective pattern (ABC, ABCDE) and push to the upside
OR
2. Market may very well be finished with Wave 4 and is now looking to complete Wave 5 by pushing to the upside.
Overall the next target is a buy to 2200.000 as Wave 5 must close above Wave 3 to complete the Elliott Wave Pattern
1. Market may very produce a corrective pattern (ABC, ABCDE) and push to the upside
OR
2. Market may very well be finished with Wave 4 and is now looking to complete Wave 5 by pushing to the upside.
Overall the next target is a buy to 2200.000 as Wave 5 must close above Wave 3 to complete the Elliott Wave Pattern
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