π Gold / U.S. Dollar (XAUUSD) π
XAU/USD Wave β£ contracting triangle nearing completion. Wave β€ targets 3,703 on breakout lower.
Gold has been tracing a textbook contracting triangle as Wave β£ following its major bearish impulse. The A-B-C-D-E structure is in its final (E) wave phase near 4,043 β and once the triangle completes, Wave β€ is projected to launch the final bearish thrust toward the 0.5 Fibonacci target at 3,703.
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