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Gold - can we still consider this rally a temporary pullback?

We expected a-b-c move up off the low in a corrective wave iv up.

We have got that a-b-c up but that move up stretched higher than I expected.

The question is whether that move is too big to be counted as wave iv up.

And the answer is not really.

So far that wave iv up has not even retraced 58.6% of the preceding drop in wave iii down.

In addition, the critical resistance created by the top of the corrective subwave b up is located much higher at 1,610.

The count remains unchanged.

I still count that a-b-c up pullback as a corrective wave iv up that should be followed by another push lower in subwave a of wave v down targeting the last low made by wave iii down at 1,450.90.

GC - 4,500 tick bar chart updated at 12-05 AM on 3-24-2020

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