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
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.