In our previous Gold Market Review  we have decided that the bullish move on Weekly chart is the 4th correction wave. However, the time has shown that it is the new A wave of the new bullish up trend as its recent high on Awesome Oscillator (AOx1) has already beaten the previous high of B correction in July 2012.

What does it mean?

It means that we are going to have the bullish A wave on Weekly chart in progress to be followed by some correction B and then the final impulse C wave on Weekly.

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