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Gold: C-Wave Beginning

I warned traders that this would probably happen, that most intermediate declines have convincing b-wave bounces, but history suggests otherwise. Gold on Wednesday tested the uptrend line and failed to recover it. It is still pretty early in the daily cycle (#13 today) and they generally run 35-50 days but I think this one will be a little shorter. This is your opportunity to get onboard!

 

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