XAUUSD Gold Monthly Outlook (Count 2) Supercycle wave (III)GOLD / U.S. DOLLARFX_IDC:XAUUSDTheWaveCaveIn this updated XAUUSD monthly outlook i have zoomed in a little on the super cycle wave (III). The last outlook was looking for a yellow wave (5) high and cyan wave 4 correction. I think we may have that correction completed, it is a little early but the type of correction fits with the guideline of alternation and the 38.2% level has been reached with so far a nice reaction. i have added to some gold and silver miner positions today and last Friday and will be looking for some long trades on gold and silver themselves. I will look to get some lower time frame charts out, i'll maybe up date the recent 4H outlook which did mention the $4080 level as a retracement target. There are plenty of comments on the chart so I'm not going to recap too much here, but i will mention the caveats: 1. Some of the projections i have put forward are based on estimates of uncompleted waves, once i feel i can anchor the next wave i will update the chart and recalculate the levels for the next wave, the chart is an evolving puzzle and there is only so much we can determine based on the information we have. 2. I put more emphasis on price levels as opposed to time, dependent on volatility the waves could play out quickly or prolonged, i do factor in an element of 'the right look' in terms of wave proportionality, but also want the patterns i am projecting to be easily visible on the outlook, so bear that in mind. Note: i create my outlooks with the browser tabs hidden (F11) so if they look squashed, that is why. If you appreciate my analysis then please show your appreciate with a like and follow.