ProficientForex

Complex Corrective movement in Wave IV

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
By the end of Wave III in the range of 2075.14, the corrective phase has begun in Wave IV. Currently, and given the 5-wave corrective movement, there is a scenario that we are encountering a complex corrective movement that will be ended in the range of 1630 to 1680 dollars. Needless to say, the level of $ 1802 is a very important range, and if the price crosses this range, probably the corrective movement of wave IV is over.

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