Gold Invalidation of the fifth wave (e)

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XAUUSD
On H1, if the price manage to make a new low, lower than wave e, we have to start counting 7 legs down the correction. and re-entry buy on the end of wave Y
be aware of this and secure your trade if you have to.
this setup will be invalidated once the trend-line Resistance is broken on the current flag pattern.
trade safe
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Breakout on flag trendline resistance.. has invaldate this possibility..
Elliott WaveWave Analysis

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