Gold

Gold has retraced 38 percent of the impulsive advance from 1072, as anticipated. It is expected, more correction down to achieve the Fibonacci 0.5 to 0.618 retracement levels.

As shown on the charts below, the Minor wave C could trace out in an impulsive five-wave or three-wave sequence, to develop Intermediate fourth-wave (not shown) as a “flat” or “triangle” correction.

Gold - Daily1Gold - Daily

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