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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 Elliott Waves Forecast: GOLD, USDJPY, NATGAS (01.04.22)
GOLD has risen to $1950/oz but its structure resembles a flat pattern, Its upside could be limited to $2k, which is a golden ratio cluster. If the commodity starts to depreciate now, chances are that the bullish correction ended.
The Japanese yen continued to rise against the dollar. It reached a 3% loss on Thursday’s trading session and counts. However, the pair is likely correcting only, and another leg up could be possible once the correction structure completes.
Natural Gas has seen an impressive upside in March, summing up to a 35% gain to $5.80. Its structure looks impulsive, however, volumes must support the structure, and so far, they don’t in wave 3. If they do in wave 5, fresh highs can be expected.
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