XAU/USD: gold is targeting higher levels

Daily. It seems that corrective wave [E] still wasn’t finished. At the final section we see the formation of the final part of the upward triple Zigzag – wave (z). 

H4. We assume that after the wave (X) was over the pair started developing Zigzag (Z). Today and in the next trading days we expect the price to keep moving towards 1284.2. Then the asset will reverse down. 

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