Gold XAUUSD getting closer towards major breakout

hey guys welcome for a new Gold XAUUSD update

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now most likely Gold in now moving in 5th wave which could soon breakout from this consolidation channel and we could see a new high towards 16xx level or the red zone
here we get the monthly resistance, so a short term correction is expected from this level
if you're short on gold for now than be very cautious, there's no single sign of weakness in trend

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after completing this 5 wave formation i expect an ABC zigzag corrective formation from 16xx zone

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https://www.tradingview.com/x/Lvf3v38s/
my custom rsi in weekly chart, no sign of any negativity

https://www.tradingview.com/x/we4v0D7n/
in 4h chart most likely prices are going to breakout from the channel towards new highs, as my custom rsi is now aiming to enter in red zone

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that's all for now, hope this idea will help you making good profits
for more updates follow me here and twitter

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this is Husain Zabir, signing out
Thankyou...