XAUUSD - pivotal moment.

FX:XAUUSD   Gold Spot / U.S. Dollar
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Gold             has re-tested the B-D trendline . A daily candlestick close below B-D Trendline will confirm that the E wave of triangle completed at the 1345 high and a 5 wave downwards movement has commenced. Downwards movement out of triangle started rather slowly, not typical when exiting a triangle, suggesting that we are still in the final E wave and have just completed a 2nd wave correction.

If B-D trendline holds, price should find sharp upwards 3rd wave momentum.

Therefore sentiment: Bullish . For now.
We will wait to see if it puts a daily candle stick below the B-D Trendline. It may decide to 'kiss' the trendline and continue lower.
And if "B" is infact "A" then 5 complete.
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