. Gold Preferred view suggests the yellow metal has ended a cycle as a FLAT and wave (( B )) high is in place @ 1392. Best reading of shorter cycles suggests wave A has ended as a triple corrective structure @1277 and cycle from 1277 ended @ 1330 ( equal legs) suggesting wave B high is in place and wave C lower has commenced. Gold wave (( b )) appears completed at 1307 and as this level holds, focus is on 1260 (0.618 ext) to complete wave (( w )) of C. After that Gold should rebound to correct the drop from 1331 followed by more downside toward 1216 (equal legs) which is where buyers should appear again.
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