GOLD reversed nicely, perfectly lower from
1490 area two weeks back where base channel turned into a resistance as
discussed in our latest video analysis. Notice that fall from that zone is now
very sharp, showing evidences of an increase in volume and momentum so we
suspect that market is underway to 1220/1300 area for fifth wave of decline in
wave (C).
VIDEO: EURUSD,
GBPUSD, AUDUSD and GOLD
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