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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 5 th wave to a new low." Look lower in a 5 th wave towards 1500 and 1478 (July low).

Trend Strength (M,W,D) - 1, 0, (1)

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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