riversnew1

Gold Heading Lower

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
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1
FX_IDC:XAUUSD
Gold is completing an abc correction form the recent top and will resume its downtrend to about $1250 in final wave c to complete its decline from 2011. I do not think that the recent advance is an impulse that will ultimately take us to new highs, but rather a corrective abc structure that will soon pan out.

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