{"id":62022,"date":"2014-10-16T07:50:50","date_gmt":"2014-10-16T11:50:50","guid":{"rendered":"http:\/\/countingpips.com\/?p=62022"},"modified":"2014-10-16T07:50:50","modified_gmt":"2014-10-16T11:50:50","slug":"ascending-correction-continues-xauusd-wave-analysis","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/ascending-correction-continues-xauusd-wave-analysis\/","title":{"rendered":"Ascending correction continues. XAU\/USD wave analysis"},"content":{"rendered":"
October 16, 2014<\/div>
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Article By RoboForex.com<\/span><\/a><\/strong><\/p>\n

Analysis for October 16th<\/sup>, 2014<\/h2>\n

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In our previous review, \u201cInside an ascending correction. Wave analysis of XAU\/USD for 09.10.2014\u201d, we discussed a possible scenario how the price may continue forming an ascending correction iv of (v)<\/strong>.<\/p>\n

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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>. right now, the price is forming an ascending correction iv of (v)<\/strong>.<\/p>\n

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Probably, the pair is forming a local ascending correction iv of (v)<\/strong>, which may take the form of flat<\/em> or a long horizontal correction. At the moment, the price is completing an ascending zigzag<\/em> [A] of iv<\/strong>, which may be followed by a descending zigzag<\/em> [B] of iv<\/strong>.<\/p>\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>

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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

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

Article By RoboForex.com Analysis for October 16th, 2014 In our previous review, \u201cInside an ascending correction. Wave analysis of XAU\/USD for 09.10.2014\u201d, we discussed a possible scenario how the price may continue forming an ascending correction iv of (v). Our expectations on the daily chart haven\u2019t changed. According to the main scenario, the market is […]<\/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-62022","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62022","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=62022"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62022\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=62022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=62022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=62022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}