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GOLD: weekly wave analysis

Roman Petuchov

Daily. The pair formed a strong bearish trend over the past week in a wave [D]. We expect the decline to resume after a short-term correction. After that a final bullish move will follow. 

H4. Bearish impulse [iii] will be complete on the new week. Correction [iv] will follow. Afterwards the decline will continue in a wave [v]. Get ready for a sideways trade.

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