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Spot gold to fall more to $1,750
SINGAPORE: Spot gold is likely to fall more to $1,750 per ounce, as it is riding a downward wave c.
This is the thir
SINGAPORE: Spot gold is likely to fall more to $1,750 per ounce, as it is riding a downward wave c.
This is the third of a three-wave cycle that started at the Oct. 5 high of $1,795.69, unfolding towards its 100 percent projection level at $1,750 and a break below which will lead to a further loss to $1,739, the 138.2 percent level.
Rebound from the current level may be limited to $1,770, a rise above which will make the signals neutral.
No information in this analysis should be considered as being business, financial or legal advice.
Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.
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