TimeWaveTrading

Gold Trend Analysis Update

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold has both possibilities.
1) A-B-C Correction (including expanding flat)
2) 5th rising wave

Since both break above the last yearly resistance key level, staying above this resistance is very likely to lead to a 5th rising wave. Conversely, if it stays below this resistance again, it is highly likely to complete the correction and update the low.
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