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GOLD/DOLLAR - Daily correction on hourly basis.

Gold Spot / U.S. Dollar (FX:XAUUSD)  
InsideMarket Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD Gold dollar insidemarket Elliott Wave Weekly Charts Daily Charts 4h 240min intraday
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xauusd gold dollar insidemarket elliottwaves weekly daily 4h 240min intraday
Accordingly to the wave count the fifth wave of the daily uptrend (five waves up) made its peak and price action suggest the begining of the correction on hourly. This whole dynamic is the second wave on weekly basis (see RELATED IDEAS) and it is expected a Zigzag movement on daily chart.
Comment:
Price retraced 61,8%.
I'm expecting a flat ABC because of the sharp zigzag.

snapshot

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