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Gold and USDCNH – Elliott Wave Analysis

Elliott Wave Financial Service
By Elliott Wave Financial Service

Gold is on the rise, now breaking well above the downward channel that put more bulls in play.. We see a very strong rise so it’s part of a third leg up that can be headed to 1208/1210 area. At the same time we see USDCNH falling aggressively lower, probably into wave C that may starting to accelerate after that broken neckline which may cause more bulls for Aussie and GOLD.

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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