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Long term Gold correction scenario

FX:XAUUSD   Gold/U.S. Dollar
188 0 5
By this scenario, the 2011-2015 gold             price decline is considered as wave A, with wave B-reaction (due to Wolfe wave) covering approximately 1 year up to ~1410, being followed next by the final C-wave lasting for 6 years with a target of ~630 (76.4% Fibonacci overall correction). Basic assumption is that the rise & fall durations are balanced (cyclic motion).
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