OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello,
Last week we saw a big slump for the yellow metal which lost nearly 5%.
Showing you on the chart above a 3 wave impulse move.
As you can see, market is possibly moving as wave 3, which is the longest and usually targets the 161.8% level with target near 1730/ounce.
Good luck

Ramzi Abou Abdallah, CFTe, CMT

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