Finally let's talk about gold because the yellow metal may have run out its bearish movement. The bearish impulsive structure (12345) should be completed around 1,115/1,120 (SPECULATIVE BUY OPPORTUNITY), from this area, we expect a technical rebound. The trend to follow is very simple, on daily chart the price is expected to reach 1,115, and form something like a "hammer" if so it will be, we will see a technical rebound on gold.
Gold is still in the down trend and just completing the wave "a" of 5th wave diagonal of wave 3 of wave B. 1110-1120 is the temporary support range for now. Next selling opportunity is around 1250 with SL above 1275, target is below 1000.
5898928
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@JayM, 1250 is well above current levels, I am not sure we get this high in near months! Full USD reversal (and bonds) needed to get there, no less
natkamon2504
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Nice chart ,Thank u :))
LivingWild
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Man, you guys are GOOD. On the dot and spot on. Thank you so much !!! Real Professionals you are !