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Tuesday, March 25, 2014

Elliott wave analysis of Gold - The triangle is still developing.

Gold

Wave C of the wave 4 triangle extended and became a Little stronger than expected, but it has not changed the overall picture and I will be looking for wave D lower towards 1,180 before the final E wave higher towards the 1,284 - 1,309 area. Once this triangle is over look for a break towards the downside and a move lower towards at least 1,040.

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