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Elliott Wave Analysis: GOLD Trading In A Big Three-Wave Reversal; Downside Can Be Limited
Gold is still trading in final stages of a red wave A), that is part of a three wave higher degree pullback. Specifically we see price trading in minor wave v, that can see limited downside around the previous swing low of wave 4 at 1258 level. From the mentioned level, we expect a new three wave rally to follow into big wave B).
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