Gold made a nice pullback down to 1329 a few days back, a low that will likely be taken out by a new spike if we consider that recent recovery up to 1355 was made by three waves only, thus a corrective leg that belongs to a complex correction. We see it as wave X so another leg down can be in the cards before wave 2) finally bottoms. If we are correct, then impulsive continuation higher should show up next week while price at 1310 should not be breached.
GOLD, 4H
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