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GOLD In A Triangle, Wave D) Can Be Limited Around 78.6% Fibonacci Resistance

Discussion in 'Technical Analysis' started by Kaitlin, Apr 28, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    GOLD is higher but upside can be limited near 78.6% Fibonacci resistance level as we see move up from 1227 still as wave D) within ongoing triangle. The wave count suggests that another three wave retracement down to around 1240 may follow for wave E), final leg of the pattern[​IMG]

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