In my opinion, gold is currently moving in the larger Elliott Wave 5. The third wave has concluded, and we are now in a corrective phase in wave 4, which may see a decline to around 3450. From there, I expect gold to move in five waves toward the 3900 level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.