XAU/USD Enters Fourth Wave Consolidation

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Currently, XAU/USD appears to have completed the third wave, and the beginning of the fourth wave seems to be underway, indicating the start of a corrective phase. This correction can potentially extend down to the 3118.486 level. In terms of targets, the key levels to watch are 3166.464 and 3117.451. Following this correction, there is a possibility that the fifth wave may commence.

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