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GOLD Elliott Wave Technical Analysis – 16th November, 2017

Last analysis warned Elliott Wave Gold members that gold may continue sideways in the current consolidation for a while yet. Another very small range day moves price essentially sideways on very light volume.

This market is consolidating. Volume will be used to guide as to which direction the breakout is most likely. Stochastics along with support and resistance will be used to indicate when one swing with the consolation ends and the next begins.

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