Gold

The bearish alternative :

Gold appears to have developed the overlapping waves from the latest high at 1224.5 – likely in a leading expanding diagonal as wave (i) of an impulsive third wave down of minute degree.

Note : Penetrating the level of 1177.3, as a red line, would suggest that this pattern needs to be adjusted. Because third wave is never the shortest wave in a five-waves form.

Gold - Intraday 360

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