Gold bounced sharply this month from 1204 area where we see a completed corrective wave II/B, which can be labeled as a flat or even as a W-X-Y, but in both cases it was a complex correction within uptrend that is now ready to continue. We see current leg up impulsive on lower time frames so it appears that metal is underway to new highs of the year up to 1330-1345 minimum upward projections, but it may go much higher if we consider the wave structure on a weekly chart.
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