Gold

Correcting Up Trend :

The strong retracing up (since early December), fully confirm the Gold’s trend-reversal in medium term.

With respect to the December low at 1045.4, as the extreme point of Primary-degree wave ((A)), Gold should be in first portion of an upward correction as the same degree wave ((B)).

As noted in the prior weekly-post, retracing back to the origin of the expanding diagonal pattern is still expected.

Gold - Weekly

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