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Amega Global Ltd is an investment company authorised and regulated under the Financial Services Commission, Mauritius, Investment Dealer Licence: GB22200548. Findeavour Ltd is authorised as a technology service provider to Amega Global Ltd. Company number 12971852, United Kingdom.
No services are provided to residents or citizens of the USA, North Korea, Iran, Mauritius and the Russian Federation. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read and ensure you fully understand our Risk Disclosure Policy before investing.
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Daily Elliot Wave Forecast: GBPUSD, GOLD, AMAZON (28.04.22)
The British pound is down nearly 3% this week as it plummeted to a 2-year low this morning alone. The downward leg is part of an extended wave 3 that is projected to move closer to 1.20 in the medium term.
Gold has plunged nearly 3.5% since the week’s open, with the move considered to also be part of an extended wave 3. The commodity is projected to move closer to 1800/oz to complete the flat wave (C).
Amazon was impacted more with a registered -so far- loss of nearly 6% from its weekly open. The stock’s price action hints at a flat pattern too, with wave ((C)) of the final 5-wave leg currently printing. The Fibo projection shows a completion closer to 1500/shr.
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