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XAUUSD: 1303 is the end of the first wave?

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Traders,

Gold has touched 1303 once few hrs before.
Is this a signal of the end of the first descending wave and a corrective wave coming soon?
Inside the channel , this is a 3-wave trend start from a double top. And very likely to start a corrective wave soon. After that corrective wave , 1265 for gold to drop in the first season is highly possible.

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