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Sunday, December 30, 2012

$GLD: Gold ready to rally?

GLD 2012

This is our latest EW count and a rally is near, coincidentally with a probable downfall of markets.
The symmetric triangle has been draw only for study purposses because we do not make decisions based on this type of chart patterns. For example, theory in this case is :"The symmetrical triangle is mainly considered to be a continuation pattern that signals a period of consolidation in a trend followed by a resumption of the prior trend".

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