GOLD ELLIOT WAVES

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Price is touching the top of a previous swing point. That level is also the -0,618% of the last retracement (38,2%) WAVE 2. The last expansion was the 3 wave. Now we are waiting for the wave 4. Based on the alternance law, this one must be quickly and deep to the 61,8 retracement of the last expansion. This level coincides with a previous swing point too.