In order to complete wave 3, I expect a move up. Gold could remain stable over 1300 for a while. Later, wave 4 could find support at SMA 100.
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1303,50 reached, 1298,7 could be the next
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Today gold should reach 1320.2 (or even 1322.2), but then falling with target 1282.7 - 1280.5 Only break and close over 1326.3 would cancel that view.
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This Week down possible to 1316,9 - 1316,3
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and 1314,12 at the end of week
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GOLD Here is a private chart of mine. Since Oct. 2016, buyers have not once again been able to reach a closing price on a monthly basis and with the next month to confirm it over the SMA 100. I have, of course, other - more bullish - variants but this one is attractive as long as the monthly closing price remains below SMA 100.
Red Circle = Short Signal - Established Nov 2014 (SMA 100 is above EMA 100 and so it covers ... i.e. pulls down courses) = the short signal is valid until the counter signal comes up = will take months to get there! free-picload.com/image/61p9Y
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if I have more time, then I will do the same chart here.