Gold

According to the bearish view :

Gold has corrected 50 percent of the impulsive wave i of circle degree, in three waves up as the second wave of the same degree. Currently, decline of the following third wave of wave 3 may have begun.

Note : Retrace to the Fibonacci 0.5 level at 1225, could be an adequate retracement. However, it has not achieved to the expected Fibonacci time ratios.

Gold - Daily

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