{"id":61442,"date":"2014-10-06T06:53:20","date_gmt":"2014-10-06T10:53:20","guid":{"rendered":"http:\/\/countingpips.com\/?p=61442"},"modified":"2014-10-06T06:53:20","modified_gmt":"2014-10-06T10:53:20","slug":"ascending-correction-xauusd-wave-analysis","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/ascending-correction-xauusd-wave-analysis\/","title":{"rendered":"Ascending correction. XAU\/USD wave analysis"},"content":{"rendered":"
October 6, 2014<\/div>
\r\n<\/div><\/div>

Article By RoboForex.com<\/span><\/a><\/strong><\/p>\n

Analysis for October 6th<\/sup>, 2014<\/h2>\n

\"\"<\/p>\n

In our previous review, \u201cEnding diagonal triangle. Wave analysis of XAU\/USD for 01.10.2014\u201d, we discussed a possible scenario how the price may complete the final descending impulse iii of (v)<\/strong>.<\/p>\n

\"\"<\/p>\n

Possibly, the pair has finished a descending impulse iii<\/strong> and is starting to form an ascending correction iv<\/strong>. Typically, the fourth waves of impulses take the form of long horizontal corrections or flats<\/em>. If this assumption is correct, then the uptrend will dominate until the market completes an ascending correction iv<\/strong>.<\/p>\n

An alternative scenario suggests that a descending impulse (v)<\/strong> has already been finished. In this case, the uptrend may dominate for a much longer period of time.<\/p>\n

\"\"<\/p>\n

Probably, the pair has completed an extended descending impulse iii of (v)<\/strong> of the final impulse (v)<\/strong>. At the moment, the market is expected to form an ascending correction iv of (v)<\/strong>.<\/p>\n

\"\"<\/p>\n

Our expectations on the daily chart haven\u2019t changed. According to the main scenario, the market is finishing the final descending impulse (v) of [c] of A<\/strong>, which may complete a large descending zigzag<\/em> A<\/strong>.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

However, at the same time one should remember that any possible scenario is subjective and the market may move in a completely different direction.<\/p>\n

RoboForex <\/strong>Analytical <\/strong>Department<\/strong><\/p>\n

Article By RoboForex.com<\/span><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com Analysis for October 6th, 2014 In our previous review, \u201cEnding diagonal triangle. Wave analysis of XAU\/USD for 01.10.2014\u201d, we discussed a possible scenario how the price may complete the final descending impulse iii of (v). Possibly, the pair has finished a descending impulse iii and is starting to form an ascending correction […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-61442","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/61442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=61442"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/61442\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=61442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=61442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=61442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}