Gold has recovered up to 1320-1342
resistance area that we highlighted it several times in our past updates. We
also noted that bearish reversal could be near if we consider a double zigzag
from the low. Well, market fell very sharply in this week through the lower
support line of a corrective channel that suggests a completed wave (b). With
that said further weakness is now expected down to 1277 low and possibly even
to 1240 level.
GOLD 4h Elliott Wave Analysis
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