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XAUUSD Bullish Case

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
We all know the Bearish case … Let’ s look at the Bullish case just for a change.
IF this pullback is not over, this correction can be a simple zig-zag (w-x-y).
It is possible to have a double zig-zag (w-x-y-x-z) but in that case we will simply go down further
before reversing to test the neckline.
Invalidation of this count at 1238.

A closer look:

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