The last bounce on
XAUUSD
is likely impulsive and could match with an Elliott wave 3.
We still seem to be in wave 4, consolidating before the 5th wave.
After the 5th wave completion, we should retrace the whole movement back to 0.618 Fib level and find support @ 1300USD before another higher leg.
On 12H Chart, #Sequential indicator is on a bar 5/13 of the bullish move.
S13 could match with the end of Wave 5.
About TD+ Enhanced Sequential Indicator:
MATHR3E
XAUUSD
is likely impulsive and could match with an Elliott wave 3. We still seem to be in wave 4, consolidating before the 5th wave.
After the 5th wave completion, we should retrace the whole movement back to 0.618 Fib level and find support @ 1300USD before another higher leg.
On 12H Chart, #Sequential indicator is on a bar 5/13 of the bullish move.
S13 could match with the end of Wave 5.
About TD+ Enhanced Sequential Indicator:
MATHR3E