XAU/USD in 4hour time frame

OANDA:XAUUSD   Gold Spot / U.S. Dollar
ELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart.

Elliott wave is an road map to identify the direction of market.

Wave "1" : Motive wave completed
Wave "2" : Corrective wave running, of that B wave running. One can expect an downside for an target of 1750.

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