Markets

Gold Correction Lower Expected

60 Minute Bars

Prepared by Jamie Saettele

I wrote yesterday that "additional strength remains favored. A break of long term trendline support is needed in order to suggest that an important top has formed. The trendline is at 1357 this week. Near term, a new high would make 5 waves and give way to a small corrective decline back towards 1420." That 5 th wave has unfolded so look lower from here towards the mentioned 1420.

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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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