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Gold: Further upside correction before another major collapse

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#XAU/USD# Gold: Further upside correction before another major collapse

Gold: A break above 1920 will confirm the start of fifth wave aimed at 1933 to 1944+/-

A break for 1878 and 1873 indicates an alternation with abc move , A at 1973 B at 1848 , C should be at 1805+/- as 1.27% extension of A.



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The main catalyst behind gold’s rally remains the persistent downward pressure on the safe-haven US dollar, as the stimulus hopes continue to underpin the investors.
Gold continues to benefit from the reduced haven demand for the US dollar, as investors cling onto the stimulus hopes.

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