Corrective gold back in the range of 1069, has not yet determined a clear direction of movement with the thin volume responding to the movement of the dollar and oil are relatively more stable.
Gold is likely to end the movement in 2015 with a drop of about 10 percent, mainly due to expectations of US interest rates higher are expected to continue to weaken the position of gold as an investment metal without interest.
Technical Analysis
At the H4 chart below can be one of the possible Elliott Wave count that can help you take trading decisions today.
Gold is likely to end the movement in 2015 with a drop of about 10 percent, mainly due to expectations of US interest rates higher are expected to continue to weaken the position of gold as an investment metal without interest.
Technical Analysis
At the H4 chart below can be one of the possible Elliott Wave count that can help you take trading decisions today.
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