Expect more sideways in the Minute wave x :

On this frame of daily chart, It is anticipated that Gold will likely go more sideways in a running triangle, which is occurring in Minute wave x(circle), the wave prior to the final rally of the complex Minor wave C.

Based upon this concept, the short-term outlook remains sideways, while the price holds above the 1169. However, the following outlook in anticipated rally of Minute wave y(circle) is bullish.

Gold - Daily


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