Markets

Gold Technicals for July 30th

DT 10-07-30_gold

Gold has topped. Please see the latest special report for details. Gold is making its way lower and in an impulsive fashion. I wrote yesterday that "after bouncing to 1204, gold is testing its low so a secondary top may be in place at 1204." Gold has plunged and the metal is probably headed much lower in a 3rd wave. The next important support area is 1045/67 (former 4th wave extreme and 161.8% extension).

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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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