The most recent increase must be a component of wave (V), which should push gold to a new record high, unless.....
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Alternative count but conclusions remain the same....
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As the price didn't make it to brakethrough 1953 area after FED announcements, wave b/ (cycle) unfolded like a-b-c-d-e triangle and the wave c/(cycle) is still in the hands of bears.
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If this count is accurate, bulls are back. However, the 1.880 area is still crucial
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