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Gold/Mining/Energy : Gold and Silver Miners and the U.S Markets.
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To: CurveBall86 who wrote (1752)4/4/2014 6:02:11 PM
From: The1Stockman  Read Replies (2) of 1954
 
GOLD 4h Elliott Wave Analysis

Gold fell to new low in this week after a minor triangle placed in wave four. We know that triangles occur prior the final leg within a larger pattern. As such, latest move down should be wave five that will completed an impulsive decline from 1392. With that said, traders should be aware of a corrective rally in three legs; ideally back to 1320-1342 zone where we would turn bearish again.

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