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GOLD SCENARIOS FOR THE NEXT MOVE

FX:XAUUSD   Gold/U.S. Dollar
96 0 2
We are in a corrective phase on the second impulse to the upside. A this point there is the possibility for a 5 wave structure after the breakout of the black downward trendline (look for a possible bullish divergence for the final 5th wave).
A second scenario is the breakout of the blue rising trendline (target as shown from the red arrow).
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