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Weekly and Daily Analysis on Gold Futures by ThinkingAntsOk

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Use this as a guide to develop your setup

Main items we can see on the Daily chart:

a)Using Elliott wave theory, we can see a 1234 count with a 5th wave remaining
b)We can observe a Pennant pattern (4th wave) which is considered a continuation structure
c)The cloned ascending trendline supports the pennant pattern
d)Using Fibonacci Extensions, we forecast a bullish movement towards 1650.00 (5th wave)

Weekly Vision:
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