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Friday, August 26, 2011

Elliott wave on Gold



We saw a minor break below support at 1,719.46, but nothing long lasting and we are now looking at the expected correction towards the 1,795 - 1,815 area from where I expect the next decline to set in.


A break above 1,823 (not expected) will tell us, that we are looking at a flat correction from 1,911.46 and should see a move closer to the 1,911.46 top.

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