FX:XAUUSD   Gold Spot / U.S. Dollar
189 1 10
The market retraced 62% of wave 1 which is typical wave two behavior and seems to have stabilized where c = a * 1.618 at 1263. Wave (v) doesn't usually touch the black dashed line so the selling was over done. 1540 level is next area I'm expecting as wave 3 unfolds over the next few months.
its better to wait Friday economic datas for trade entry
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