The break of 1319.60 has forced me to reconsider my white count. Failing to strongly move through overhead resistance was an early clue that gold might needs a longer/deeper consolidation. Below 1268.60 the nearly-forgotten yellow alternative will be examined closer. Only an impulsive move down, followed by corrective structure retracing that impulsive drop, would get me concerned about the long term rally.
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nick.holland78
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Updated purple wave ii. Price isn't falling in an overly impulsive fashion as shown in white iii, but certainly still a possibility below low in wave https://i.https://www.tradingview.com/x/RrxTpAha/