It seems that gold is now on the way to test the previous triangle trend line as support on the weekly time frame, retracing in an ABC is what it looks to be going on now.
Even looking to gold turning bullish in smaller TF such as 2-4h with RSI rising up, bullish divergence on the wave trend oscillator, when looking the bigger TF (3D-W) the overall trend is still very bearish and the 1:1 algo target from the AB is in confluence with the previous triangle trend line.
Even looking to gold turning bullish in smaller TF such as 2-4h with RSI rising up, bullish divergence on the wave trend oscillator, when looking the bigger TF (3D-W) the overall trend is still very bearish and the 1:1 algo target from the AB is in confluence with the previous triangle trend line.