XAUUSD wave counter, weekly time frame
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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