Gold is currently in an ending diagonal which breaks down into 5 waves with 3 waves each.
It appears as if the top is in for wave 3 and now we've started wave 4. We are expecting an ABC correction for wave 4 leading towards the fibonacci level.
For those that are interested in entering, watch for any sort of pullback and enter with stops above the highs.
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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.