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double zig zag abc wxy wave near $2720 resistance level

before last fomc meeting gold collapsed in big but since fomc rate cut last time
gold is constantly going up making higher highs with higher lows a clear up trend

  1. wxy waves subdivided into small degree abc waves has reached big static horizontal resistance level $2720
  2. a blue parallel channel with upper line tested near resistance on last friday
  3. projection for wave Y near resistance level

Elliott WaveFibonacciGoldh4chartParallel ChannelSupport and Resistancexauuusd

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