XAU / USD pair

<p>Analysis: within the daily timeframe, presumably, the formation of the senior level wave (B) continues, in which an upward impulse develops as a wave of C of (B). On the 4-hour timeframe, most likely, the development of the downward correction as the fourth wave iv of C has completed and the wave v of C is forming. Within the hour timeframe, the third wave of the junior level (iii) of v of C is supposedly developing and if the assumption is true , then the price growth will continue to marks 1800.00 – 1850.00. Critical level for this scenario is 1561.37, a breakdown of which will allow the pair to continue to decline to the levels of 1450.00 – 1366.48. </p>
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<p> The main scenario: “long positions” are relevant from corrections above the level of 1561.37 with the goal of 1800.00 – 1850.00. </p>