XAUUSD morning update
XAUUSD looks to be consolidating at the top border (2nd target) of both pitchforks drawn.
The origin of the bigger pitchfork is the December 2015 low of 1046.00.
Based on this count, I'd like to see a pullback towards the white rectangle, in the low 2300s, for a wave 4 before a wave 5 targeting above 3000.
The origin of the bigger pitchfork is the December 2015 low of 1046.00.
Based on this count, I'd like to see a pullback towards the white rectangle, in the low 2300s, for a wave 4 before a wave 5 targeting above 3000.
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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.