Gold

Intermediate Fourth Wave Underway :

On this weekly frame of Gold, the wave counts explain how the Gold may work sideways over the coming months. A development of Intermediate wave (4) of the Primary wave A(circle), which still remains in progress.

Based upon this interpretation, the outlook in medium-term remains sideways, as long as the price balance on the Fibonacci 1.618 expansion level at 1175.5. And eventually, the following decline of Gold in the Intermediate wave (5) will terminate the Primary wave A(circle), probably early in 2016.

Gold - Weekly

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