Gold, The Ugly Truth... for COMEX:GC1! by m.abdullah.alassaf

trendanalysis harmonicpatterns waveanalysis

I am expecting Gold to move higher and resist around the purple line (coincides with a Fib level) and move back down to complete a C wave. This however may expand into a complex correction of ABCDE, depending on wave C's performance. After the dust has settled, look for a 5th wave to commence (Very strong up move).

Comment:

For updated wave count see:

M.A.A

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