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Gold Spot / U.S. Dollar
Short

GOLD BEARS ARE ON

By elliottwavegreen
Updated
Gold is completing an ending diagonal as wave (c) of the wave (a), (b), (c) zigzag. The ending diagonal is going through the process of completing wave (5) in the ending diagonal , since wave (3) is larger in size than wave (1), wave (5) is going to be larger than wave (3). A price movement beyond the encompassing support line of ending diagonal will invalidate the wave count. A good 1: 2 loss to profit ratio trade.
good luck

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ELLIOTTWAVEGREEN
Trade closed manually
Comment
price action is not unfolding as it should , so closed the trade with minor profit.
Trade active
Comment
The sideways move appears to be a triangle, I have re started this trade.
Chart PatternselliottwaveprojectionElliott WavegoldideagoldshogoldtradingTrend Analysis

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