XAUUSD is stating its 5th Elliott wave. Pay attention to Break out level and Confirmation level indicated on chart. Use your own strategy to take position and GL.
Excellent setup. Look that you have excellent analytical skills in Oil and Gold. Thank you for sharing your ideas. Regarding Gold - don't you think it could be much faster and a little higher? 1520-1530 level, f.e. in September? 5th Wave often is very rapid and rashid. For Gold to cross the channel is 1-2 days is real thing, not just a dreams (you can see 24ofJun as example). Good luck in all of your trades. Great profits.
InvestitoreComune
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My doubt was about to set 5th wave to 1.382 retracement to the end of sept/first of oct at maximum, but I'm confident will raise higher cause of interest rate decision is delayed to december :)
Good luck too and thanks for your comment, it's really appreciated.