Gold need to "converted to" $$ for war! 20/Oct/23

XAUUSD wave X ( Red Circled ) is a complexed double three in either running flat ( < 1987.37 ) or expanding flat pattern (slightly > 1987.37). P/s As there is no swing high confirmed yet @ 1987.37 +/-. Traders need to wait for price breaking 1971 which is subwave 4 of an impulsive waves for wave C (yellow) to confirm the reversal.

Note

here we see wave A (yellow) and wave C (yellow) Both are ending diagonal pattern which is "rare" but did happen.

SteveTan

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SteveTan