XAU/USD(Gold) lokks like formation of Ending Diagonal Structure

ELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart.

Elliott wave is an road map to identify the direction of market.

Wave "1" : Motive wave completed
Wave "2" : Simple zigzag completed
Wave "3" : Motive Wave Golden wave also completed.
Wave "4" : Correction completed.
Wave "5" : Market structure trying to form an Ending diagonal, wait for structure formation so that gold can move downside upto 1650 level

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