December 05, 2019
$1471 is a support for spot gold, a break below could cause fall to $1455.
Level of $1480 of an upward wave from $1450.30 has completed. This is the third wave of a three-wave cycle from the November 12 low of $1445. The metal may fall towards $1455. Analysis indicates that this falling could travel to $1417.
Upward movement may lead to gain limited to $1492.
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