XAUUSD a flat (double bottom) for the 5th wave

FX:XAUUSD   Gold Spot / U.S. Dollar
524 2 3
Bulls are fighting to push gold             higher but it seems like they still need more strength.
Could get that by letting bears take over and create a positive divergens on the daily RSI and at the same time making a double bottom . That's one scenario. Letting price making lower low could also be a possibility. (Always) :)

Argument for making a flat:
Wave 2 was quick, easy and gone in no time. That fits well with a long time consuming corrective 4th wave.

Indices are testing cliffhanger support and might bounce soon for creating a ED. That could be the "excuse" for gold             to fall and making the divergens.

Time will tell... as always.

Safe trading ladies and gents!

Hello good friend. Check my profile and you will see how elliot wave count is drawn.
I drew it and got nice profits of about 1000 ticks from entry and about 100.0 pips from it.
Sorry, please learn how to draw well.

what setting for ur moving ?
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