Price in gold
is moving into a triangle having already formed 4 waves of wxyxz corrective pattern. We need one more move to the down to complete the pattern and at the same time wave B of a larger ABC pattern. From there we will probably see a rally but that's for later.
At the moment price is testing the upper trendline
of the triangle after a abc move. We can short gold
aiming the lower trendline
where we will have the whole 5 wave pattern completion.
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