ligand
Short

Gold bearish

TVC:GOLD   CFDs on Gold (US$ / OZ)
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8
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Expect a rapid drop of POG to around 860 USD. Of course, only few expect this at the present moment.
This drop would result in a 62% correction of the bullish move since 2001.
Note that a=c=1 and b=0,76 (price) and a+c=b (time).
The correction would lead the price in the area of the preceding 4 of one minor degree, according to the rules.

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