GOLD: Excellent wave structure, 1180 on horizon.

Updated
Risk aversion encourage price of yellow metal. Sharp rally started at mid January may be regarded as third wave. However, such a strong move may cause "failure" fifth wave, which does not move beyond the end of the third.
Note
Update:
GOLD: 1180 still in play
Elliott WaveEWfailurefiboFibonacciGold

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