ChrisGrech

GOLD may retrace and then continue on its downward path

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BATS:GLD   SPDR Gold Trust
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Gold price levels in the 0.50 to 0.618 Fibonacci retracement levels, low RSI and a negative divergence between RSI and the price of gold. Likely that Gold will retrace upwards to the USD1200 region and then drop to USD 700 in 5 waves. What are your views?

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