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Gold at critical juncture

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FX:XAUUSD   黃金現貨 / 美元
6
The channel & 1200 XAUUSD level breach favors a rise towards the Wolfe-wave target of ~1440. This implies that the last correction wave ended as a W-X-Y at ~1046 and the extension X-Z leading to <=1000 appears less likely as time progresses.
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