Gold

Today’s 8.76 percent rally of Gold may conclude the advance of Intermediate-degree wave (A), which started in early-December. The strong rally day should be the last portion of a Minor-degree impulsive wave 5.

Accordance with this adjusted wave count in daily frame, the following correction in wave (B) will develop soon to a partial retracement level (by technically 50% at 1204$).

Gold - Daily

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