Gold

Bullish Outlook :

The Gold’s strong rally unfolded a five-wave up in Minuette degree, that indicates the bullish stance which Minute-degree advance in waves iii (circle) or c (circle) is underway.

The expected target for this impulsive third wave is 1255, where equals 1.618 times the length of Minute-degree first wave.

Note : Short term, the Sept. 11 low at 1097.7 should hold under both bullish cases.

Gold - Daily1Gold - Daily

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