Gold

Bullish Outlook :

The Gold’s three straight days rally in last week, would indicate the bullish stance that Minute-degree advance in waves iii (circle) or c (circle) is underway, that should carry prices strongly higher to 1255 (1.618 times the length of Minute-degree initial advance since the July 1072 low).

Short term, the Sept. 11 low at 1097.7 should hold under both bullish cases. A decline below this level would temporarily suspend this outlook.

Gold - DailyGold - Daily1

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