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Gold is ready to go up .

  • Last week, XAUUSD did not go lower from the Daily FVG and corrected to the 23.6 fib retracement in a wave 4.
  • It is suggested that a Triangle (wave 4) has been completed and price is now in the next impulsive wave for wave 5.
  • A correction down is expected next week, followed by more upside movement.
  • The trade idea is to wait for a small correction down, change in orderflow to bullish on a lower timeframe, and open long positions.

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