Gold

The Bearish outlook :

Gold fell down! in an impulsive wave, and likely as an initial movement of the anticipated third wave.

The outlook is persistently bearish against the 1215 – as the top of wave (ii). An expected target for extreme of the ongoing wave (iii) is 1133.4, where wave (iii) equals 1.618 times the length of wave (i).

Gold - Intraday 240-1

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