XAUUSD H4 | Market View

- Elliott Wave provides the highest probability of the price movement and Fibonacci levels is the math basis for the Elliott Wave Theory. Both waves impulsive and corrective, follow to specific Fibonacci proportions.
- We had clearly some examples of impulse and correction of Elliott Wave .

Long Scenario:
- We could experience another push up or impulse by reaching 1780 -1800 target if we break succesfully above 1749 area. That of course is a large, round, psychologically significant figure, and an area that we have pulled back from previously