Gold In A Pullback With Support Around 1281
Gregor Horvat | Jun 30, 2016 04:57AM ET
As expected, gold turned up after three waves of a pullback from 1316 to 1250 area. Leg up was very significant towards 1360 where price found resistance, maybe even accomplished a five wave rally from end of May. Following that spike higher price turned down $50 from its high so new but bigger correction can be coming with three waves back to 1281 area, currently with price movement in wave B), that seems to be an undergoing triangle.
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