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GOLD – Third-wave rally about to finish – November 23rd, 2020

A large third-wave rally is over, so a fourth-wave correction is taking place. In this case, we should keep an eye on the 0.382 retracement level of wave 3 (1725.70) as a potential target for wave 4. If a pullback from this level happens next, there’ll be a moment for wave 5 of (C) to begin.

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