US Gold CFD: 1598 Technical Analysis The current move up, is still considered a Wave (iv) rally, the Fibo 38.2% retracement level is around the 1630. As you know wave fours are normally the complicated structures, so we need to accommodate this in our thinking of the pattern. If the 1572 became the resistance then the Wave (iv) is likely completed and Wave (v) down is under way. I will go over the possible smaller wave counts in the video, such as the 1600 holding as resistance
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