We have been talking about bullish gold for a while. We also shared an article on October 1st, where we mentioned and highlighted an ongoing five-wave impulse within higher degree 5th wave with space for more upside after a pullback. CLICK HERE

As you can see, gold made a nice textbook pullback in wave (4), which came back to perfect projected 2600 support area, from where we can see it stabilizing and recovering that can send the price higher for wave (5) of 5 towards 2700 area.

XAUUSD(GOLD) 4H Chart

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