Thursday, August 25, 2011

Gold had a parabolic run up and a disaster drop

By The Backyard Burner




Gold should completed the A correction wave of a large part. Currently expecting a B wave up to the trendline before a C wave occured. The gold price is right at a major H4 uptrend line. The trendline should hold the bearish down wave. If the trendline is break, expect the C wave to be occurring.

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