GOLD short (next wave)

regarding my earlier short highlighted 8 days ago on a daily chart , here is a follow up.

after having topped out following a nice rally after the long-term bull-flag pattern (20/21 Sep), we are now in a retracement mode. a 38% FIBONACCI will target 1725$ that is minimum, potentially leading to further correction .

Anyway, we just completed the second minor bear-flag and broken to the downside, hence the next wave is on its way, probably leading already to the first objective 38% = 1725$

cheers KP


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