. Gold has clearly traced out a 5 waves down.
. However is this the end of a larger Wave Z ?
Implying that prices has reached the end of the recent down trend.
. Or
. Is this the first leg down in a series of 5 waves ?
. Whichever the larger picture is we have to see how it develops.
. But
. Whatever it is..
. We should expect Gold to rise from the completed 5 down waves.
. Possible 1st target $210
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