Gold Decline Corrective Thus Far
60 Minute Bars
Prepared by Jamie Saettele
A break of long term trendline support is needed in order to suggest that an important top has formed in gold. The trendline is at 1362 this week. Near term, the decline from the top is in just 3 waves which is corrective. An extended drop and 5 wave decline is needed in order to suggest that a more important top is in place.
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