Price broke below the low of 16th March after 3 waves pullback been made that ended at peak of $1966. From there, price declined in 5 waves that ended at the low of $1889 and could mean that 5 waves from peak of $2070 has been made and currently now expecting a minimum 3 waves bounce to be made before further downside to be seen.
GoldWave AnalysisXAUUSD

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