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2d • Charts + Analysis 📈📊
Quick Update on Gold
Date: 16/01
Just sharing a quick path update on gold. The impulses have gone into extensions and we are currently in the 4th wave of the 3rd impulse. I'm expecting the bullish momentum to continue once this sideways accumulation period ends. The 3rd impulse should take gold to 4700+ levels.
The next serious correction will appear once the 3rd impulse ends. We'll keep an eye out around those higher levels and look for bearish confirmations before determining that the next corrective is on. Until then hold on to all long positions and buy any dips with a strict stop loss of 4500.
Anyone have a different count or another outlook? Feel free to drop a line below!
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Quick Update on Gold
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