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Short Term Elliot wave analysis for XAUUSD

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
1
Gold could be working on C leg of ABC correction of the run up from 1131 to 1178. 1131 could be a MT bottom. Breach of 1180 area to the upside would confirm wave (iii) underway. This count is busted with a breach below 1131.
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