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Gold Spot / U.S. Dollar
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XAU/USD - Decision Time - Prom or Hospital?

1 416
XAU/USD (GOLD) is about to make a crucial decision.

If the yearly support trend-line is broken, then I will loose all my faith in this precious metal until $1100.

However, it it manages to bounce in a corrective manner, then I will be happy to look at it with moist eyes later on.
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Bigger picture:
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Better bounce on this Bullish Divergence because if it doesn't, the bears are gonna have gold teeth.
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It's either now or not at all this year.
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Breach = Hospital
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Trade active
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Quick drop and then reversal for the corrective.
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EW4X
Also on:
Elliott WaveGoldgoldanalysisgoldtradinggoldusdWave AnalysiswavecountXAUUSDxauusddaily

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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.
Elliott WaveGoldgoldanalysisgoldtradinggoldusdWave AnalysiswavecountXAUUSDxauusddaily
EW4X
Also on:

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.