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INS: GOLD Trades Into A Triangle Ahead Of FOMC
 
GOLD price is sideways just beneath 1100 area that we see it as wave (B) within a corrective three wave decline from July 27. This decline is also wave b but of a higher degree that can be looking for a support around 61.8% Fibonacci retracement level that comes in around 1086. Ideally market will bounce from there and back above 1105 as long as 1077 low is in place.
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