This past week we have seen a lot of volatile news that has affected the direction of gold prices With the unstable geopolitical situation causing large fluctuations in gold prices - Looking at H1 we see a completed ABC corrective wave structure. Following an ABC corrective structure we expect a 5 wave bullish structure. Obviously not excluding the possibility of a complex correction wave then I will update if it happens - Currently we expect a bearish correction to confirm wave 1 and wave 2 completed and wave 1 and 2 confirmed when price closes above 2365.6 - This current correction we expect a yellow abc wave pattern and target at 2385 price zone or 2377anh price zone
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