GOLD - Tracking Minor Waves in Short Trade

Gold waves are playing out as expected. I thought I would give an update due to slow price action.

Right after green wave 2 ended a leading diagonal started forming and I now see a completed blue i and ii.

It looks like blue wave i and ii is in preparation for blue iii to cut through some key support levels from previous move up.

The previous move up in early May is a larger Wave E if you're curious. The bottom of the previous Wave E needs to be broken to confirm a new Trend.

The new trend will be the start of a larger Wave 3 down. Patience is the key I want to take us through each wave so let's see how we go.

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