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I believe we have one final flush left in gold. In the count shown wave 3 is a 1.68 extension of wave 1 and the high point of the wave 4 correction retraces 38.2% of wave 3. Most likely target on a downside break of the triangle is 1124. Secondary target is 1146. This should be a fast move. We need a move below 1197 to confirm the pattern
Thanks Ranchida. Certainly a possibility. A move above $1210-$1215 would negate this pattern. I’m more of the opinion that we’ll move higher for a few more days before a pullback to a higher low (probably in association with next weeks FOMC).
More than a possibility on my work.
As close to a certainty as my system can telegraph. 75%++??
Its been wrong before, but the odds are pretty high.