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GOLD Stuck In A Triangle, Wave C) In Play For 1220/1230

Discussion in 'Technical Analysis' started by Kaitlin, Apr 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    A sharp reversal down on gold from 1270 looks like a temporary bearish move. From an Elliott Wave perspective we expect a three wave retracement lower which can be wave C) of an ongoing triangle as shown on the updated 4h chart. If that's correct, then support can be found[​IMG]

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