waveslover

VERY STRONG SUPPORT AWAITS AROUND 1822

OANDA:XAUUSD   Gold Spot / U.S. Dollar
✅PREVIOUSLY ON GOLD
It's thought that the current trend is bullish, it has begun since 1782.

✅WHERE WE ARE
The bullish wave from 1805 to 1847 is shorter than the bullish wave from 1782 to 1829, thus, we could see the extended 5 bullish waves from 1805.
If so, the valid line is 1805, then we should wait for the next impulse.
1821 has been strong support, also there is the Fib61.8 line around 1822, the support channel can be drawn.
This is how the next bullish impulse would begin around 1822.

*As long as 1805 remains unbroken, this idea is valid.


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