Pink Wave 2 retraced nearly 100% of Pink Wave 1 but did not invalidate the bullish structure, as the decline ended at 183.5—just $0.20 above the Minor Gold Wave 2 low at 183.3. If 183.5 marked the completion of Pink Wave 2, we now need to see confirming price action, with a move above 213 in the very near term providing the first meaningful confirmation.
(Korea time 4:28 PM)
