Gold seems to be headed slightly lower at the start of this week as as recent leg up to 1240 area was only wave B) as part of a wave four that is still underway. We are looking now at wave C) decline towards the trendline support and 1181 swing where metal will be expected to find a bottom. Ideally later this week, when new bullish turn will occur up for wave 5-circled. GOLD, 4H
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