Gold

Ending Diagonal :

Gold declined to 1073 in a spike move today, that is a little bit above the July 24 low.

With respect to the ending diagonal pattern, the wave structure of the current decline since mid November should be traced out a three-wave, which its Minute-degree wave a(circle) could have completed.

Based upon the duration of prior declines in Minor-degree waves 1 and 3, the wave structure of wave 5 would be unfolded entirely, until late December.

Gold - Daily

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