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CL & GC


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#21 tsharp

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Posted 20 May 2018 - 09:35 AM

I have not change in thoughts on what gold is doing at this time... I still see the fractal count as nearing the end of a higher-magnitude wave-ii, where wave-c:c:ii may finally be in work in a developing EDT for wave-c:ii.

 

The coming strength of the US$ should have a major role in gold's downward pressure, and I see the USD rally as just beginning, so this will pressure the POG, priced in terms of USD.  IMHO, gold will become an excellent buy down in the ~$800-$1000 range... watching.

 

GC_W_5.4.18-1.jpg

 

Link to chart:  https://postimg.cc/image/8sj9ief55/



#22 hhh

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Posted 20 May 2018 - 11:22 AM

Can a B wave terminate below the bottom of an A wave? Does that formation have a name?