XAUUSD Long Term Outlook

17 May 2020

Long term outlook on XAUUSD(GOLD) shows that price is about to/completed a crab pattern which is also at the point (b) wave of an elliot wave correction of 5,3,5 Zigzag pattern. Price completed the first 5waves after which the 3waves correction comes in. We would be expecting the start of the last 5waves count of C anytime soon. A long term drop is expected to the level of 3 figures.That is, XXX.XX