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In my previous gold ideas we fully caught last gold downward movement from resistance level 1795 USD.
And here:
For now price made 5th wave down structure and trades in ABC upward correction. I think wave A already ended and price bounced form resistance zone around 1730 usd. For now I expect downward movement to big support zone 1680-1650 usd. as correction to wave A. If price will bounce upward from support zone we probably can see a bullish pattern reverse head & shoulders. H&S pattern can push price higher in wave C about this we will talk in next gold updates. For now I expect downward movement in big support zone. So, I think gold will decline for now.
I expect this scenario, so be prepare for next movements. Thanks for your time, we hope our work is good for you, and you are satisfied, wish you a good day and big profits.
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