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chaiwat209
Aug 12, 2016 2:06 PM

Gold update I think maybe it will be wave c of 2 for downtrend Short

FX_IDC:XAUUSD180
GOLD / U.S. DOLLARICE

Description

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Price look like very consolidation before change to down trend.

I think price is wave c of 2 of downtrend.

My plan will short around 1259 -1261

And target price will be down

1st target 1310
2nd target 1279

I believe it will down to target 2

Thank you
Comments
chaiwat209
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I think that Wave c of 2 not yet completed.

It should be price to test 1360-1365.

I think price will retrace to 1246 (EMA 90 line)

You can long again.

If you observe sto tf day. It still be signal to buy position
chaiwat209
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Maybe C of 2 downtrend is not yet completed.

I think that it will be rebound to come back 1260 again.
chaiwat209
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I think stochastic of time frame week will be tested 50%

Price gold is possibility to down at least 3 weeks.

I hope that
chaiwat209
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