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nick.holland78
May 5, 2016 4:23 PM

XAUUSD - Daily 

Gold/U.S. DollarFXCM

Description

Primary expectation has gold in wave c of an expanded flat for minor wave 2. Expanded flats are generally indicative of a strong underlying trend in price, and wave 2 could be shallow. Alternatives noted on the chart. Note also negative divergence across technical indicators.
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