GOLD is reallty looking for positional atm. It is forming WAVE 3 on the larger degree shown in Red color. This WAVE 3 comprises of five impuse wave out of which WAVE 4 correction (WXYXZ) is about to be completed.
Just sharing a view but deriving trade based on the view is not difficult.
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Better redability Bi weekly chart
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Weekly chart
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See how nicely it is maintaining 0.618 FIB ratio to complete complex correction.