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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: Market Could Continue Up In Wave E  2 comments
    Jun 12, 2014 4:46 AM | about stocks: GOLD

    Gold rallied back to 1260 in the last 24 hours which now looks like a start of a new bigger recovery. In fact, decline from 1303 can be counted in five waves for completed wave (c) of D which means that it may be a time for a new three-leg rally back in wave E. If we are on the right track then price is now in wave (a).

    Gold 4h Elliott Wave Analysis

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    Stocks: GOLD
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Comments (2)
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  • zyybc
    , contributor
    Comments (5) | Send Message
     
    do you mean the gold is already bottom in place?
    13 Jun 2014, 05:14 PM Reply Like
  • ew-forecast.com
    , contributor
    Comments (4) | Send Message
     
    Author’s reply » Market is in downtrend. As per Elliott Wave patterns it is now on 4th wave, which seems a triangle. So gold may go up to complete e wave. For details check this video: http://bit.ly/1kEATcV
    15 Jun 2014, 09:16 PM Reply Like
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