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Formation or wave patterns that form the gold this morning looks interesting. Look at the image below:
Formation or wave patterns that form the gold this morning looks interesting. Look at the image below:
When viewed from point A and B, then price waves formed at this time is already showing wave pattern down, whereas if viewed from a point C then when the wave Pattern still shows up. From point D waves formed prices still are in a wave pattern down.
Wave patterns up from point C would be failed if gold was able to move down below the price1204.48. While the wave patterns down from point D will be failed if price was able to move up the price above 1220.13. Observe the movement down that happened from the point of 1220.13, in the picture above is clearly visible that the pattern of price movements is currently located in the area between Sideway 1204.77 up to 1211.81.
Source : http://lemurianfx.com/tokyo-session-gold-01-10-2014/
TOKYO SESSION – GOLD, 01-10-2014 by KG
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Oleh
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