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GOLD Elliott Wave Technical Analysis – 14th November, 2017

Members were advised in last Elliott wave analysis that price may move lower in the very short term to test support at a trend line, which was given on hourly charts. Thereafter, price was expected to turn upwards. This is what has happened. Price moved strongly lower, coming very close to the trend line, before turning upwards.

Members were advised that this should be used as an entry opportunity for long positions. These positions should now be profitable.

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