XAU/USD Daily- Refer to weekly first
Refer to my weekly analysis first. If I look at this last move as a 3 wave (which is what I would expect with the larger swing pattern).. It came off equal length at the 50% fib retrace. That box would be where I would be looking. They may not drop it down more considering people watching the trend line. It will come down to whether or not the dollar is done and is pulling back. We don't have confirmation on this stuff yet but I can see happening, or about to happen.
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