Gold: Bullish Reversal
Gregor Horvat | Nov 11, 2014 03:24AM ET
Gold completed a five wave decline from 12554 at 1232 as expected after recent strong reversal back above the downtrend channel that confirms a completed bearish impulse. As such, market is now in a recovery phase, so rally should unfold in minimum three legs so we expect rally back to above 1185, maybe later this week.
GOLD 4h Elliott Wave Analysis
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