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Jul 18, 2014 10:14 AM

XAUUSD Weekly View - TRIANGLE Short

Gold/U.S. DollarFXCM

Description

it seems we are in a major wave4 and in a HORIZONTAL TRIANGLE.
They appear to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility.

There is a mistake indicating a position that I'd like to show, I mean short not long.. :)
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