broughro

Update on Gold

Short
AMEX:GLD   SPDR Gold Trust
The ABC correction is near complete having completed the Triangle and now nearing completion of the quick "thrust" Elliot calls for after a Triangle. C equals A about where it is now. Corrections often end at a previous forth wave, which could be now or up to 145 (1,450 cash).

Then look for the longer term bear to continue with a complete retracement, and then some, of the ABC upward correction...neutral for now, but longer-term short...
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