Hi traders,
Gold made a nice and firm rally yesterday, up from 1233 level, which is a confirmation that metal is still trading in wave C of a bigger leg E). We now see a completed pullback in wave iv at the 1232 level, that points towards 1260/1264 region for a final leg v of C. Resistance and a top may be seen at the mentioned zone, from where a change in trend, from bullish to bearish may follow.
Gold, 4h
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