We have some nice and clear pattern on gold guys, at lese for the short-term. Notice that decline from 1156 has unfolded with five waves which is very important structure that confirms stronger bearish move. That said, we can expect more weakness after any three wave rise which seems to be underway now within wave (b). Ideally gold will retest 1145 from where new bearish turn can occur this week.
GOLD 1h Elliott Wave Analysis
GOLD 1h Elliott Wave Analysis
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