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04/11 Gold Weekly Update

Lookback

The gold price largely stayed within the same range, however over the last week we have changed our scenario to a more aggressive one.


Gold, 4hour

https://www.tradingview.com/chart/XAUUSD/p5xyqGYy-Gold-Update/


This Week

In the course of the week I reexamined the shorter term count and concluded that we may have passed wave a (circle) and are in the process of forming wave b (circle). I issued a sell ad-hoc alert that did not materialise so far as the triangle is still getting formed. The chart tells us that it may take another week to approach a sell point.


Gold 4hour

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