The Gold seems to have lagged developing its Minor waves, relative to Silver. In the Minor wave C developing, after an expanding triangle as Minute wave b(circle), the Minute wave c(circle) rally may have started, which expect to carry Gold to $1240-$1252 and possibly higher. The short-term bullish outlook now is against the $1162.2.

Note : Any break of Minor wave B’s low at $1142.5, would negate the overall concept shown on the chart, as triangle Intermediate fourth-wave, and open the pattern to differing interpretations.

Gold - Daily

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