Comex Gold

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 Comex Gold 4 hour chart

Analysis

In my previous update, I had mentioned that Gold can tumble towards $1835-1830 levels which was successfully achieved - Anticipated Happened.

Prices not only achieved my level but went down towards $1810 levels and from there it has come up back towards $1860 thereby completing one leg.

From Wave theory perspective, prices have completed wave a on one higher degree and can start wave b on lower side which can test back again $1835-1825 levels. Once this move is done then it will open wave c on the higher side which can reclaim $1870-1890 levels.

The summation is Comex gold can move down from current levels towards $1835-1825 levels over short term.

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