As we can see on the chart, Gold is struggling under dollar's pressure.
It is making lower highs and now a lower low on bigger timeframes.
RSI on the daily started showing bullish divergence.
However, wave 5 can be equal to wave 1 when we meet an extended wave 3. This length will be reached on 1635 level for Gold.
From another perspective, it can go to 1585...
Beautiful moves lining up on CADCHF, remember to always wait for confirmations the markets are reactive not predictive. Hope you enjoy. Please comment below if there is anything you would like me to breakdown next.
