GOLD: Dec 19, 2023

Bottom line: GOLD may have bottomed, and is about to increase in price with wave iii.

The price action including the low labeled ii is sharp, strong and fast. The bullish outlook with wave iii will remain solid while prices continue to appreciate rapidly and sharply. The slow price increase in the near term increases the possibility that wave ii is correcting with a Flat Correction at a larger Degree.
Elliott WaveTrend AnalysisWave Analysis

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