Gold

There is no change on the daily frame, Gold seems to be correcting in Minuette wave (iv), after falling in Minuette extended wave (iii). The fifth wave of the same degree likely lies ahead, before the overall decline in Minute wave c (circle) of Minor wave B terminates.

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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