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XAUUSD: Corrective Phase Setting the Stage for a Bull Run

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Free fx xauusd chart calls

Timeframe: 4h

XAUUSD has experienced a sharp decline of 9% after reaching a high of 2790. The price then dropped to a new low of 2538.6, and is now showing signs of recovery. Based on the chart, we can identify this movement as an A-B-C formation, with wave A completed and wave B currently in progress.

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