Gold

According to the broader bearish outlook :

Gold is falling in impulsive third wave of minuette degree, after retracing a Fibonacci 0.618 of the leading expanding diagonal wave (i).

The expected target is 1142.5, where wave (iii) = 1.618 times the length of wave (i) – a common wave relationship.

Gold - Intraday 120Gold - Intraday 240

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