XAUUSD Long-Term Update

With this recent surge I have to change my medium-long run interpretation of the chart to a moderately bullish outlook. I have replaced unfinished ABC in wave (2) with WXY which is finished. The price is likely to keep being volatile in coming weeks and months providing a chance to exit bleeding shorts for those who stuck with them at a moderate loss or even at a small profit (if you wait long enough). In the next post I will share the near term picture update.