Analyzing the structure from the low of July indicates that a series of 4th and 5th waves must be opened. In other words, gold heads higher but with corrections along the way. Short-term support is 1740 and 1720. The next upward target is not until 1926.50. and we can see from the chart that the pair has closed below 1760.0000, that means the downtrend is expected and the pair may head to 1750.0000 then 1740.0000, but the pair is making hourly corrections


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