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[QUOTE="Antony_NPBFX, post: 208219, member: 38727"] [size=5][b]XAU/USD: wave analysis 13.05.2022 [/b][/size] Good afternoon, dear forum visitors! [url=http://www.npbfx.com/?utm_campaign=company&utm_medium=forumpost&utm_source=earnforex.com]NPBFX[/url] offers the latest release of analytics on XAU/USD for a better understanding of the current market situation and more efficient trading. The pair is in a correction and may grow. On the daily chart, the fifth wave of the higher level (5) of 3 develops, within which the wave 3 of (5) formed. Now, a downward correction is ending as the fourth wave 4 of (5), within which the development of the wave c of 4 is ending. If the assumption is correct, after the end of the correction, the pair XAU/USD will grow to the levels of 2070.42–2200.00. In this scenario, critical stop loss level is 1770.20. [img]https://i.ibb.co/LSbWykC/XAUUSD-130522-33.png[/img] [img]https://i.ibb.co/Vj8J1c0/XAUUSD-130522-333.png[/img] [b] Main scenario [/b] Long positions will become relevant after the end of the correction, above the level of 1770.20 with the targets at 2070.42–2200.00. Implementation period: 7 days and more. [b] Alternative scenario [/b] The breakdown and the consolidation of the price below the level of 1770.20 will let the pair go down to the levels of 1622.75–1513.95. [b]Use more opportunities of the NPBFX analytical portal: trading signals for commodities[/b] How can a trader determine if it’s worth buying or selling XAU/USD now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on XAU/USD and trade efficiently with [url=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex.com]NPBFX[/url]. [/QUOTE]
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