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TradingEW
Oct 3, 2016 4:54 AM

XAUUSD 

Gold/U.S. DollarFXCM

Description

Gold is still in wave a of complex correction (4), due to terminate near 1290, before moving up on wave b.
Tracking it & setup for long near 1290.

Comment

Longer term perspective of an impulse wave (C) red, since December 2015 low.

Comment

Note: A complex wave (4) alternates with a very simple wave (2).
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