Back in late April(Gold and Miners ahead of FED meeting) we suggested the following pathway for Gold
Recently Gold completed the C wave of an ABC correction and we believe that currently is in wave 1 or 3 of 3.If Gold confirms our case we are about to witness a major decline of gold towards 1070-1060$.Immediate targets 1162$ and then 1122$.
If we are in a third wave then probably we are going to see Gold initially at around 1070 and then maybe even 930$
Currently Gold can invalidate our scenario if it moves above 1190$
Recently Gold completed the C wave of an ABC correction and we believe that currently is in wave 1 or 3 of 3.If Gold confirms our case we are about to witness a major decline of gold towards 1070-1060$.Immediate targets 1162$ and then 1122$.
If we are in a third wave then probably we are going to see Gold initially at around 1070 and then maybe even 930$
Currently Gold can invalidate our scenario if it moves above 1190$
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