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GOLD: New High Towards 1280

GOLD: New High Towards 1280Gold found a support in the last few trading days at the lower side of a corrective channel, at 1237 where we see a completed three wave decline from the top, now labeled as wave (b).

As such, we suspect that new highs are underway with wave (c) that may complete a second zigzag around 1280.

Forex Analysis by Gregor Horvat at ForexPros. com

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