Gold Elliott Wave count from the Low $1681.
Either New impulse as Waves I, II, III, IV, and V or still correction of the prior wave as ABC is unfolding.
A(abc) wave or I ,II, III is mentioned as completed in the chart, and B wave (as a triangle) or IVth wave is under progress.
We can see $1759-1771 is Fibonacci 38.2/23.6% of the prior (III) wave. So it is possible Bulls will try to hold this level.
Below $1759 Bears will take the price towards $1725 which is 61.8% Fibonacci of the entire wave.
#gold #xauusd #forex
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