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Triangle Is Pointing Down On Gold

Discussion in 'Technical Analysis' started by Kaitlin, Nov 26, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Gold hit new lows last week but price turned up quite quickly so we assume that market is trading sideways now and that wave four is still unfolding. Ideal scenario is now a triangle with new leg down coming soon as wave (e) can be near resistance. Short-term invalidation level[​IMG]

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