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Current price of the XAU/USD resist on it's Bearish resistance price @ 1301.81 from 50 SMA.
From this bearish channel setup, It's expected to be in bearish trend for upcoming week until price @ 1286.32.
Then there is a chance to get extented target price @ 1266.75 after some bullish corrections.
It seems NZD/JPY breached it's bearish trend price @ 76.000, From fibonacci retracement points it's expected to reach it's 38% retracement price @ 77.127.
after reached 38% retracement , there would be a pullback correction chance for long bullish trend
From this our analysis, There is a Triangular elliot wave pattern drawn between 144.977 & 153.800.
* If the current market price will reach the 4th elliot retracement price @ 150.573 means it will bearish until price @ 144.977.
* If the current market price doesn't reach the 61% retracement, it may bearish within the triangular shape until price @ 147.00. There...