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XAUUSD - Gold not gold any more???

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The chart says it all. And Elliott wave agrees.
Or this could just be my imagination as usual.
No financial advise. Trade at your own risk,
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Simply explained, we need to break the red line and turn it into support to be bullish. Otherwise we could see a larger move to the downside.
Chart PatternsTechnical IndicatorsWave Analysis

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