At the trough we had the RSI close to oversold, and we can say that CCI showed an oversold condition.

The CCI that measures the deviaton its smoothed with an 14-ma and adding the RSI above we have the market confirmation.

The candles formed three white soldiers that seems very strong.

We are in the beginning of wave 5 with the objective to go to a new high above wave 3.
CommoditiesconfirmationElliott WaveelliotwaveanalysisGoldgoldtradingstrategyMoving AveragesOscillatorsRelative Strength Index (RSI)USDXAUUSD

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