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GOLD Faces Resistance: Elliott Wave Forecast

|Includes:Randgold Resources Limited (GOLD)

GOLD prices are reversing nicely to the downside after recent move up to 1380-1400 Fibonacci resistance area where we see a completed wave v). An reversal from the high is looking sharp so we suspect it's part of minimum three wave decline. With that said, we expect a continuation down to 1330/1337 area in this week.

GOLD 4h Elliott Wave Analysis

Written by www.ew-forecast.com

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Stocks: GOLD