The upward movement on GOLD is coming to its end after the breakout of the descending resistance. Firstly we need to finish a formation of 1-5 wave, then form a correctional ABC wave which should retest the descending level. The end of ABC wave should be at $1700 - $1715 zone from were we expect to see a reversal upwards.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.