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Old 05-02-2021, 08:10
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 correction ends, 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, and a local correction is ending to develop as the wave 2 of (5), within which the wave c of 2 has formed. If the assumption is correct, the pair will grow to the levels of 1959.382075.45. In this scenario, critical stop loss level is 1763.20.

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