Gold - Can the prices drop once again?

Gold. XAUUSD.
This can be a possible scenario for Gold where the upside movement is considered a correction pattern. That would conclude that the prices can drop lower than the last month before continuing to the upside after a completed correction.
This chart is based on the Elliott Wave theory and is simply an analysis based on personal knowledge and experience. Please manage risk while trading.
Chart PatternsGoldTrend AnalysisWave AnalysisXAUUSD

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