The second quarter is about to end, indicating that the year is already more than halfway over. Structurally, gold still has about a week of decline left, and it may accelerate downward. We are organizing it as follows: 5596-4099 is a complete corrective Wave A. 4099-4800 (the early morning high on April 2) is Wave B-a. 4800-4023 is a complete WXY wave, acting as Wave B-b (during which Wave W extended upward to 4889). From 4023 onward, Wave B-c rebound began, reaching $4382. From $4382 onward, a larger Wave C began; by Friday, Wave 1 was completed, with the low near 4121, and then Wave 2 began a rebound. Early next week, it still needs to test around 4188 before another drop. The main downward wave plus sub-wave 5 decline has not started yet, or it may start next week.

GLDX1.05%
PAXG0.10%
XAUUSD-1.26%
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