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Jeff,
Here is what I am currently watching on gold
futures".
Looks like it could at least test the 200MA. Also
a minimum .618 swing into the 850 range (min. wave C) may be in
order.
A "pefect swing" takes gold lower well
into even the 800 area?
AGET's PTI (profit taking index) is very close to
sending warning for (1) a double top in the pattern ( a move up in a wave 5
will double top) or (2) a failed 5th wave (meaning B was a "failed fifth" wave
up). Time to be careful with this puppy?
A move below the wave A low 876 should seal gold's
fate going forward to the downside?
Don Ewers
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