GOLD
Updated
1676 support has been broken, suggesting this month will close below it.
The first target is @1616.4$
Mentioned support ($1676) is turning into resistance, so October will run a bit higher at first, but then probably hit $1575.01.
If the $1575 price level falls as well, then the next targets of the indicated a b c correction are:
1498.70
1470.90
1430.81
1412.30
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Below 1412.3$ follows 1284.59 / 1277.10.
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The first target is @1616.4$
Mentioned support ($1676) is turning into resistance, so October will run a bit higher at first, but then probably hit $1575.01.
If the $1575 price level falls as well, then the next targets of the indicated a b c correction are:
1498.70
1470.90
1430.81
1412.30
-------------------------------------------------- ---------------
Below 1412.3$ follows 1284.59 / 1277.10.
-------------------------------------------------- --------------
If you find this analysis useful, give it a Like.
Note
Jul 6
Note
Dec 15 2021
Note
Gold has hit 1616.4 and rebounded heavily.
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