The following charts show two possible
counts for the Gold’s impulse down move since September 2011. These two
options line up well with the options shown for GDX. The difference
being that what is the first preferred count for GDX is the second
preferred count here and vice-verse. Like in case of GDX any 5 wave down
move (daily time frame) may turn out to be final 5th. Positions may be
taken upon completion of 5 wave down move with caution.
Chart 1
Chart 2
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