This could be a possible turning point. We have a strong support line from 2013 and the down trend line from 2011 and the 38.2% fib line.
This is one of my first Elliott Wave counts, critique is welcome.
I am new to Elliott Wave theory and this is my first count. If you have any critique, please don't hold it back.
I'm not an expert, but this is the first time since 2013, that the XAU/SPX ratio exceeds the 200 day moving average line.