Gold

Adjusting the wave count on the subwaves of ongoing wave(v):

It appears that Gold, after developing an extended wave iii and a triangle as wave iv, is completing an impulsive wave v as latest wave of the current decline.

Fibonacci targeting :

Currently, an expected target for the wave v, could be around the 1146.5 , where establishes an equality ratio between the waves i and v, as a common relationship.

Gold - Intraday 240-1Gold - Intraday 120-1

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