Gold

Ending Diagonal :

Gold continued its decline and exceeded the July 24 low at 1072.

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 be completed now, and the following same degree waves b(circle) up, then c(circle) down would lie ahead.

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

Gold - Daily

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