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Tuesday, February 25, 2014

Gold - Close to strong resistance.

Gold

I'm still looking for a termination of wave c of the wave 4 triangle I have been looking for quite some time now. However, we need a break below support at 1,308 to confirm that wave c is in place and wave d lower towards 1,180 is unfolding. Until we see the break below support at 1,308 we could see wave c move slightly higher, but don't look for to much.

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