Gold

A significant extreme low :

With respect to the Intermediate-degree wave (5) as an ending diagonal, Gold could be in its significant extreme point at 1045.4 (on Dec. 3).

The medium-term Gold’s trend will soon change to correcting up, since an ending diagonal indicates the end of wave structure at a larger degree and a reversal tends to be swift and sharp, retracing back to the origin of the diagonal pattern.

Gold - Weekly

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