nezyrinfx

Wave (B) of ((ii)) suggested to have ended as Expanded Flat Correction ABC and right now price is to expected to decline to complete Wave (C) of ((ii)) before moving up again in at least 3 waves.

Looks like wave (B) (red) forms in a triangle structure and now price has broken down below the end of wave (A) and soon will complete wave (C) before climbing back again to finish off wave ((5))

Price climb from the low of 7th April is close to an ending for 5 waves and soon will be making pullback.

The decline from peak of $2063 suggesting to complete as 3 waves at low of $2016 and we might see an ABC Flat Correction structure to complete wave ((ii))(blue). Expecting 5 waves up to $2074 - $2083 to end it.

From previous analysis, an ABC Running Flat Correction could be ended at low of $1680 and price might climb to make new high.

Price decline from peak of March suggested to end with 5 waves internal structure of Leading Diagonal. An ABC Correction is anticipated to happen before further decline. Alternatively, price ending at low of $1680 could be a Running Flat ABC from peak of August 2020 and price is starting to climb towards $2500 - $2700.

Price climb from the low of 16th May looks to be forming in a WXY Corrective Wave structure where wave (X) looks to be formed in a flat correction of ABC. We could expect a pullback after the rally on 10th June for wave (B) of (Y) before another push up for wave (C) of (Y) to complete this retracement from peak of $2070.

Price broke lower than the low of 3rd May and suggesting 5 waves down move from peak of $2070 is taking place. Price might extend much lower before a bigger pullback to happen. For now, price suggested 5 waves down from peak of $1909 is completed and 3 waves bounce is expected to happen and 4hr movement will decide if price will break lower again or making a bigger pullback.

A break lower than $1850 will make 5 waves down from peak of $2070 and indicating it will be an impulse move. Expecting price to bounce anytime soon between $1835 - $1813 for a bigger pullback for Wave 2 before further decline towards $1672 - $1426 in the long term.

Gold suggested to end Wave (X) at the low of $1865 with divergence showing for end of 5 waves from peak of $1909 with Flat correction structure from peak of $1903. Price is expected to climb in 3 swings to complete Wave (Y) between $1925 - $1962.