surfingmarket

Gold long term consolidation resolving. How sick can it be?

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FX:XAUUSD   Ouro/Dólar Americano
This is such a long-term consolidation that eventually has to be resolved. It often comes with fake move after fake move ...
Given the current price action, the more bullish green count is more likely than the red counts followed by the most bullish move indicated by the dash green arrow followed by the extremely unlikely bearish move that would fall off the wedge(not drawn).

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