Gold

Bullish Outlook :

The Gold’s volatility should continue in the 50 points range over the coming weeks, and the trading range would contract around 1219.3.

The 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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