XAU Weekly Bullish!
We are seeing gold consistently printing bullish candles on our weekly time frame, and if we look closer we are currently forming a third wave extension of third wave extension of a fifth wave extension.
to make it more simple we are receiving continuous market acceptance with price going up that sustained the uptrend gold is creating, supporting the idea of multiple wave extensions we have a "throw-under" seen on the fourth wave which gives us higher probability of breaking above the channel.
to make it more simple we are receiving continuous market acceptance with price going up that sustained the uptrend gold is creating, supporting the idea of multiple wave extensions we have a "throw-under" seen on the fourth wave which gives us higher probability of breaking above the channel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.