GOLD

Based on how high gold price has reached, this wave is expected to be wave (iv) of 3 (circle). According to the fibo levels, we are expecting it to be halted around $1126. If any further pullback is able to breach the mentioned high, a short entfy to sell in wave five (v) could be considered, the end of the wave depends on the bearish strength momentum. If it includes low strength, $1080 could be seen as an end for the rally. But if the price is able to break $1126 by any further pulback, the next resistance level will be $1143 for the end of wave (iv), this area afterward could be considered as an entry to go short for wave (v).

Result

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