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GOLD Aug 6, 2021 Analysis : Further decline expected

OANDA:XAUUSD   Gold Spot / U.S. Dollar
GOLD has been very bearish these past few days. It is possible that GOLD is going to unfold to a 5 move decline toward blue area (corresponding fibonacci ratio of previous 5 wave move decline from June 1 to June 29 and Structural Support Resistance).

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