GOLD : Bullish Impulse

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GOLD is at a new high so we see market in wave five now, which is final leg of big first impulse from 1046 low. On the short-term basis we expect more upside from here; ideally wave five will extend up to 1300, maybe even to 1340 where trend will turn for a three waves of a pullback.

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GOLD, Daily

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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on http://www.ew-forecast.com/. This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.