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Gold Wave Analysis – 05 August, 2019

  • Gold broke resistance area
  • Further gains are likely

Gold today broke the resistance area lying between the resistance levels 1430.00 and 1450.00 – which has been reversing the price from the end of June.

The breakout of this resistance area should accelerate the active impulse waves 3 and (3).

Gold is expected to rise further and retest the next round resistance level 1500.00 (target price for the completion of the active impulse wave 3).

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