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Friday, April 11, 2014

Elliott wave analysis of Gold - Short term count

Gold

We have now reached the 38.2% corrective target of wave a. I will be looking for support near 1,314.33 to protect the downside for the final rally higher towards 1,340 and possibly higher towards 1,348 before this b wave correction finally comes to an end and wave c lower towards 1,180 takes over.

2 comments:

  1. Great charts EWS Gold looking good have a great weekend
    Brgs jt

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  2. Hi JT

    Thank you very much. Yes gold is looking very good, but it is still only a correction.

    A great weekend to you too.

    Kind regards
    EWS

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