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Gold "Upward Correction To Come"Top ↑ Jul 21 2010 Gold reached new lows over the past trading days as expected, after the upward corrective wave 4) found the top at 1218 region. Wave 5) already broke through the 1185 wave 3) lows, which means that a while five wave move of decline from 1265 top can complete very soon!! Traders must realize, that always when five waves are shown, a correction will be seen, which means that temporary bottom on gold could be extremely near. New short positions are not recommended in this zone!! Subscribe to our newsletter Gold 4h chart: ![]() WHAT WE DO? We are providing technical analyzes for the financial markets and how they behave based on the Elliott Wave Principle. What is the Elliott Wave Principle? You don’t have time to analyze the charts everyday and monitor the intra-day wave counts? We do it for you! We analyze Eur/Usd, Gbp/Usd, Aud/Usd, Usd/Cad, Usd/Chf, Usd/Jpy, Oil, Gold, S/P Futures and Dollar Index. Learn more about the service Follow our updates on TWITTER or FACEBOOK Newsletter archive
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