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Monday, April 7, 2014

Elliott wave analysis of Gold . Medium term count

Gold

Wave a ended at 1,306.70 just above the reflex point at 1,298.57 and we should now see wave b towards the 1,288 - 1,292 area before a clear impulsive wave c higher towards 1,321 and possibly even higher towards the 61.8% corrective target at 1,348 before red wave c of D lower towards 1,180.

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