broughro

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AMEX:GLD   SPDR GOLD TRUST
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Minor wave (A) appears to count complete after stopping just shy of the previous minor wave (4) high; a common termination for an initial counter-trend advance.

Expect GLD to now correct downward in overlapping waves to approximately 114 before launching higher in minor wave (C)...which should be the end of the counter-trend advance before resuming the larger trend down well below 90...

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