LeoPrime Daily Market Analysis

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Gold rising inside wave C; Likely to rise to 1933.000

Gold continues to rise inside the short-term upward impulse wave C – which belongs to the medium-term ABC correction (B) from the end of September. Wave (B) started earlier from the powerful support level 1860.00 from the start of August. Given the clear multi-month uptrend that can be seen on the daily Gold charts, the price is likely to rise further toward the next resistance level 1933.00 (top of the previous short-term correction A)

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