HamedAghajani

GOLD Long term preview

FX:XAUUSD   Gold Spot / U.S. Dollar
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In its first correction leg, gold made a 5-wave move to down on the weekly time frame. The gold market moved in a near symmetrical proportion, slightly inclined toward an expanding market.
It currently completing its corrective B move in weekly time frame, where it is expected to reach at about 1380. It then expected to start its C wave, in 5-wave structure manner which brings the precious metal to less than 560 levels, if not less, within next 5 years.

This is for educational purposes only, not a trade idea/signal. Let the market evolve first.

Hamed Aghajani
Newcastle upon Tyne, UK
26/05/2017
22:00 BST
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