Aussie, as expected gain some steam in early Asian session and rallied to 0.7632, only 8 pips from my previous target. Since then, the pair declined and closed the day at 0.7585. It is a perfect example of a second chance and bears should be adding shorts to their positions. I expect this market to carry on lower to at least 0.7450 for now Only break of 0.7650 would suggest shift in the price action.
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The wave count in GOLD has performed well over the last week, calling every drop as t happened. the call for one more decline into the lower trend line today came true and the the price hit the first target at 1216 which I had spoke about last week. the price would have to fall a few more points to actually hit the lower trend line at about 1208 or so.
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