FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Falling of x wave started from the defined area but its not logical that if takes longer time than this.

With breaking out the resistance area of 1430$ a lower time uptrend will bring the price to area of 1500$ and personally im agree with this idea.


With breaking out of important support (1385$) monthly uptrend of gold will be changed to downtrend...

Regarding to structure of E wave, possibility of falling has less chance in near future but in next months there is a big chance of decrement in gold price.

Comments

Hello. If possible, please update the gold chart.
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