GOLD: New High Towards 1280
Gregor Horvat | Feb 05, 2014 05:21AM ET
Gold found a support in the last few trading days at the lower side of a corrective channel, at 1237 where we see a completed three wave decline from the top, now labeled as wave (b). As such, we suspect that new highs are underway with wave (c) that may complete a second zigzag around 1280.
Gold 4h Elliott Wave Analysis
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