Break of 1276.40 low suggests consolidation was a bearish triangle which completed @ 1308 and metal is now thrusting lower in wave ((a)) while below 50% of the wave (iii) @ 1284 expect a small degree (iv) & (v) that is expected to complete in the 1255 region, that will be followed by a bounce around (1281) 50% retrace in wave (( b )) and turn lower again. We don’t like buying Gold into proposed wave (( b )) bounce.
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