Wave 3 building momentum to go higher, heading towards 1.618 of wave 1.
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more consolidation before break upwards. Lower limit around 1307
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Longer term perspective:
For medium term I believe we will go higher. See the big falling wedge. It could imply a wave 4 or wave B in a bigger perspective, but for medium term on the weekly and daily chart I believe we will climb higher with gold:)