FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Wave 1 is clearly respected by Wave 3 which made a u turn at 1480.00 zone makes it valid for impulsive Wave 5. The pair should drop as anticipated in the next few days to reach 1425.00 zone which gives 55 pips move from the initial price drop at 1480.00.

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