XAUUSD bearish action

Hi traders,

The XAUUSD seems to be stuck at the 1.272 fib of the major move, combined with an AB=CD over the last month. See below for additional information.
Entry: 1.358 (Current market price)
Stop: 1388
Target: 1306

R:RR = 1.73

Best of luck!

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Closing trade at a good profit before FOMC meeting.