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Dzinsai
Jun 9, 2020 4:25 PM

GOLD moves to 1804$ Long

Gold FuturesCOMEX

Description

Gold is close to completing the double zigzag. The internal structure has not yet shown five waves of decline, which indicates that the growth is not over yet. Using the Fibonacci ratio-wave (Y) = 1.618 wave (W), I calculated the approximate end point of growth equal to $1804. Therefore, I am still inclined to expect growth towards this target.
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