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Old 29-01-2021, 08:34
MikhailLF MikhailLF is offline
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Join Date: Sep 2017
Posts: 795
Default Re: Forex News Analysis by LiteForex

XAU/USD: wave analysis

The pair may grow.

On the daily chart, the third wave of the higher level (3) formed, a downward correction developed as the wave (4), and the wave (5) forms. Now, the first entry wave of the lower level 1 of (5) has formed, a local correction has developed as the wave 2 of (5), and the formation of the wave 3 of (5) is starting. If the assumption is correct, the pair will grow to the levels of 2000.002075.45. In this scenario, critical stop loss level is 1811.49.



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