gold has proceeded in series of 1,2 and 1,2 we have reched at 2 nd 3 rd wave and 4 th wave decline.Next 5 th wave target comes much higher.This 4 th wave pull back is a flat correction where A=C done.Unless any complex correction takes place then Gold likely to move to 3800 zone.
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Note
No surprise in this pull back..1st wave is followed by 2 nd wave.2 nd wave normally retraces 61.8 percent of 1 st wave but it should not violate the low of 1 st wave.As long as 1 st wave low is in tact..there is no problem .
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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.