XAUUSD is at the beginning of wave 2 of the big wave 5. If the fundamental conditions are in favor of the US dollar and against gold (like right now). The chart moves according to the wave count.Microwave counts may change slightly during the movement of the chart, but the final target of microwave 2 is the 61.8 Fibonacci range or the price range of 1778-1792.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.