WaveAlchemy

XAUUSD MINUETTE ALTERNATE 1

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
2
This wave count states that minuette wave 1 green is unfolding as a leading diagonal.

Price is currently located in subminuette wave 4 orange.

Subminuette wave 4 is unfolding as a zig zag 3-3-5.

If price reaches subminuette invalidation price, then the idea for a leading diagonal is discounted. Consequently less confidence will be placed on preceding wave counts.

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