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We are providing technical analyzes for the financial markets and how they behave based on the Elliott Wave Principle. The Elliott Wave Principle gives you a method for identifying at what points a market is most likely to turn. And that, in turn, gives you guidance as to where you might enter... More
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  • GOLD Elliott Wave Analysis: Bearish Wave In Action  0 comments
    Apr 17, 2014 6:12 AM | about stocks: GOLD

    Gold has recovered up to 1320-1342 resistance area that we highlighted it several times in our past updates. We also noted that bearish reversal could be near if we consider a double zigzag from the low. Well, market fell very sharply in this week through the lower support line of a corrective channel that suggests a completed wave (b). With that said further weakness is now expected down to 1277 low and possibly even to 1240 level.

    GOLD 4h Elliott Wave Analysis

    Interested in our analysis? Get now 1 month of full service for just 1€. http://www.ew-forecast.com/service

    Stocks: GOLD
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