Gold

Bullish Outlook :

It is anticipated the Gold’s volatility to continue in the 50 points range over the coming weeks, and the weekly trading range would contract around 1219.3.

This converging price volatility will be counted as Minor wave 4, which is prior to advance in the same degree fifth wave of (A).  (As noted in the recent post, Intermediate wave (A) would achieve the origin of the expanding diagonal at 1307.8.)

Gold - daily

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