Monday, February 8, 2010

Gold 4 Hour Chart

 
I am fairly confident the top is in for Gold and price is about to drop off sharply in a 3rd wave of a 3rd wave down. As you can see black wave 2 almost reached the 61.8% Fib level which is typical, and another 5 waves down to 1045.5 looks to be complete. Look to sell on a pullback to around the 1090 area with a stop at 1125.

1 comment:

  1. Hi Lucy,

    Glad you find it helpful. If there is anything you ever need an opinion on let me know I'm always happy to help.

    Jared

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