Gold rallied back up 1224.95. This should be great region to execute some short positions to capitalize on the potential 5th wave. However there is a potential that it head higher to the 61.8% region before turning around.
Note
Gold went up a lot higher than I expected. However adjusting an upper level of the trend suggest that the yellow metal is still bearish 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.