FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Price is in the minor phase and it should remain until it breaks the weak high (in theory) of 1987.7. Otherwise, price will be in a complex pullback phase

Price is tapping into the extreme supply H4 of the pullback wave. We can expect a deep pullback that may sweep the equal lows and mitigate the demand chain below and then back to the bullish move.

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.