TradingEW
Long

XAUUSD near term long setup

FX:XAUUSD   Gold Spot / U.S. Dollar
96 2 3
A leading diagonal from the 1072.80 base setup for short term long, and potential long term rally.
Such deep 3 waves corrective retracement looks more like a 2nd wave {ii} giving tight SL at bottom of {i} and good upside potential on impulse {iii].
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And even this alternate count, the potential is on the upside.
+1 Reply
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