This is the possible wave count for the current gold market structure.
Break above the downtrend would initiate the reversal.
MACD is already in divergence with the price.
Break above the downtrend would initiate the reversal.
MACD is already in divergence with the price.
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Update. Heiken-Ashi candles.
breaking above the trendline and need a daily close above it
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Update
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Gold is still in the narrow downtrend as MACD stubbornly rises