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Wednesday, May 4, 2011

Waiting for the gold correction of wave 4 to finish


Gold is now in wave 4 correction. I am expecting further down in a zigzag to 1470~1490 for the correction to be over. However a double bottom of 1515 is also possible. Anyway, I am looking for a long opportunities and do not encourage any short trades. The bullish long term trend is still intact. 


By The Backyard Burner

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Fear of failure

Fear of failure