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Elliott wave analysis on Gold (2016-06-19)

FX:XAUUSD   Gold Spot / U.S. Dollar
It seems that Gold             was in a expanding triangle correction. After that it starts the fifth wave up. The target for wave 5 after the expanding triangle is the upper border line. It seems that gold             will finish the fifth wave up soon.

I will wait the confirmation of breaking the support line and open short position. The first target is around 1234~1244.

Good luck for everyone!
Comment: Cool! It breaks!
Comment: Nice move. It is going to touch the target!
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