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GOLD
Short
Gold Downside Setup Toward $3,853
Rationale
TradingView idea: XAUUSD: Can This Bounce Escape the Bearish Wave? for OANDA:XAUUSD by SorenGoldView
TradingView symbol: XAUUSD
Gold has moved through the previous 3,904 objective, but the latest rebound has yet to reverse the broader decline.
Price is now below the broken base around 3,925–3,945. How the recovery behaves around this area could determine whether the bearish sequence extends toward 3,853 and potentially the lower zone near 3,800.
A bounce is developing. A completed correction is not yet confirmed.
Elliott Wave — Extension Requires a Flexible Count
The earlier working interpretation treated the …
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