Gold

There is no change on the daily frame, Gold may have started to correct in Minuette wave (iv), after falling in Minuette wave (iii). The fifth wave of the same degree likely lies ahead, that is prior to end of Minute wave c (circle) of Minor wave B.

The short-term bearish outlook remains through the anticipated target at 1065.1, where the Minute waves of c and a (circle) of Minor B are equal.

Gold - Daily

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