Sangam-Agarwal

Gold vs US inflation : Elliott wave analysis

Long
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
wave x subdivided into abc has made possible chart pattern in wave x with wave Y projection at 1892
(breakout of chart pattern will confirm current wave setup, up side breakout is necessary for it)

dollar reversal and us inflation is highly positive for gold
gold being ultimate inflation hedge.

resistance 1875
(breakout of this resistance will confirm bullish breakout)

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