RationalTrader

possible on more impulsive wave within long-term structure

FX:XAUUSD   Gold / U.S. Dollar
85 1 4
Watch price the next days, if structure holds (blue big wedge ), look for longs and another impulsive wave upwards.
snapshot


price is respecting the purple weekly trendline as well. I do belive we are set for another impulsive wave upwards, as this structure does not look ready to break, and the downward movement seem to be loosing momentum.
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