SOLIDECN
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XAUUSD - Growth is possible.
On the daily chart, a downward correction ended as the fourth wave of the higher level (4), within which the wave C of (4) formed as a momentum. Now, the development of the fifth wave (5) has started, within which the first entry wave of the lower level (i) of i of 1 of (5) has formed, a local correction has ended as the wave (ii) of i of 1 of (5), and the wave (iii) of i of 1 of (5) is developing.
If the assumption is correct, the XAUUSD pair will grow to the area of 1808.78–1861.3. In this scenario, critical stop loss level is 1616.73.
If the assumption is correct, the XAUUSD pair will grow to the area of 1808.78–1861.3. In this scenario, critical stop loss level is 1616.73.
