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GOLD-Cash

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

GOLD-CASH
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Follow up to our Gold outlook dated Nov 24 2017 (see link below)
https://twitter.com/ADFINANCIALCO.../status/933974209851805696
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The Gold continues to perform exactly as anticipated in our post dated Nov 24 2017.The lowest level reached Thursday 1243.70 is very close to 1.618 X (1) projection at 1242.66 which is the ideal target for wave (3) of C, with a possible extension toward 1224.90- .
If wave (3) ends near 1242, and upside correction will take place toward 1258-1262 as wave (4) before resuming downward to complete wave (5) of C.

TRADING TIP:
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If you didn't ride the downside move on flag breakout, it is better to ride it near the end of wave 4 to benefit from the downward move of the wave (5) of C.
Notes
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*(C)=(A) at 1208.70
*Previous bottom at 1204.50

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This article was written by AD FINANCIAL CORP for https://www.facebook.com/ADFFANALYSIS/posts/1703683003021137 on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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