Classic bullish Wolfe wave is being shaped at Daily and technically speaking it is looking quite promising.

However, it contradicts the previous short setup which is working right now:
GOLD BEARISH SETUP (DAILY/WEEKLY)


Once gold reaches point 5, it will be at the very same area as previous resistance line II-IV.

The outcome of this fight will decide further long-term trend.
Goldgoldtradinglongsetuplong-termlongtermSupport and ResistancetrendtrendchangeTrend Lineswolfe-waveWolfe WaveXAUUSD

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