Elliott wave Analysis: GOLD In A Pullback

in steemit •  7 years ago 

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Gold -1.46% is turning lower, now trading beneath channel support line so we see metal in a new corrective wave. It's wave B that can be looking for a support at 1330 or maybe even at 1307-1316 area if we consider that B wave normally retrace at least 38.2%.

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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.

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7 years ago by

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      ·  7 years ago 

    Interesting analysis. I'll have to look more into Elliot Wave's.

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        ·  7 years ago 

      OK sir thanks...

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