XAUUSD_1M
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📊Gold analysis in long term time frame In the monthly time, gold is in an upward wave, which can complete itself in 5 Elliott waves. Currently, the market is in wave 3 out of 5. The target of wave 3 can be considered as $3000 and again a short correction as wave 4 and the last wave movement as wave 5 to the target of $3333. Trading positions are from buying to selling, and we are buyers for any downward correction.
📊Gold analysis in long term time frame In the monthly time, gold is in an upward wave, which can complete itself in 5 Elliott waves. Currently, the market is in wave 3 out of 5. The target of wave 3 can be considered as $3000 and again a short correction as wave 4 and the last wave movement as wave 5 to the target of $3333. Trading positions are from buying to selling, and we are buyers for any downward correction.
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