240 Minute Bars
Prepared by Jamie Saettele
Gold has topped. Please see the latest special report for details. Gold is making its way lower in an impulsive fashion. It seems as though the first 5 wave decline ended following a terminal thrust from a triangle. I do expect this rally from the low to prove corrective. Price has reached the 61.8% retracement – additional resistance would be the parallel channel, which intersects with a 100% extension level today.
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