For those who ask why XAUUSD did not fall at 3165 , where the bull run ends, etc..this is my assumption. It seems to be in 3/5/5 wave and if true, another long position would come up after wave 4. Good luck.
Considering all recent political events and the US Gov. efforts in line with wars ending, the Oil price drop is more likely to happen as the weekly chart seems to complete its B triangle pattern and start the C wave.
