Gold turned up quite significantly this week which looks like an impulsive price action in progress that is expected to continue higher after broken corrective and base channel line. What we are tracking from 1306 is a five wave move in play, currently in sub-wave 4) which may look for a support at 1345-1348 area after minor three wave set-back when uptrend will be expected resume, ideally next week.
Gold, 1h
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