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Gold Update

Let's do a quick update on gold. There was a bounce here. This bottomed right on the 38% of Fibonacci retracement from this bottom to this top. That was a potential spot for this final bottom. We got in on the swing. I advised subscribers to take profits right at this trendline ahead of the jobs report. I was expecting that there would be an attack; it's occurred a little bit earlier than expected. We are back to waiting again to see if we're going to come down and make an undercut.

 

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Gold Seek -- Peter Spina