Gold

Uptrend :

The strong retracing up (23.19%), that started early December, has still remained under the upper line of the medium-term channel. A weekly close above the channel line would fully confirm the bullish outlook in corrective stage as Primary wave ((B)).

Note : With respect to the wave structure, the advance as a five-wave in Intermediate wave (A) might still be extended to a new high.

Gold - Weekly

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