Even after the the bullish movement of yesterdays news, the movement still looks corrective. Today's USD news were positive which gives a chance for the USD to recover. we're still looking for a further movement to the downside till the pair takes out the liquidity at the support level below and finishing our "abc" which can be wave (W) of wave Y.
Elliott WaveelliotwaveanalysisFibonacciTrend AnalysisXAUUSDxauusdanalysisxauusdshort

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