GOLD Could Continue Uptrend: Elliott Wave Analysis

Gold made a pullback recently, much deeper that expected but still in three waves which is a structure of a corrective move. Notice that market bounced from around 38.2% Fibonacci level with current price trading above 1280. Notice that pair is now trying to break above the upper side of a corrective channel which means that uptrend could continue from here and towards 1320/1330 this week.
GOLD 4h Elliott Wave Analysis

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