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GOLD Elliott Wave Technical Analysis – 5th December, 2017

A classic triangle pattern was identified in recent analysis. Price has broken downwards out of the pattern today, which was the expected direction.

Members were advised on the 28th of November to expect downwards movement. On the 1st of December, members were given specific trading advice to enter short for either just a short position or for the short side of a hedge. Those positions should now be profitable.

Advice is given today on how to manage short positions.

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