Gold 5th Wave Underway Towards New Low
300 Minute Bars
Prepared by Jamie Saettele, CMT
“Gold plunged last week and reversed just shy of its 200 day average, which hasn’t been reached in over 2 years! An impulse is unfolding from the high so expectations are for this rally to reverse near the current level and for gold to drop in a 5th wave to a new low.” Look lower in a 5th wave towards 1500 and 1478 (July low).
Trend Strength (M,W,D) – 1, 0, (1)
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