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Aug 4 at 03:59 AM
$SPDR Gold Shares(GLD.US)
Gold continues to move in a tight range and has been in a rectangular channel since 22nd June. Coincidentally, this range hovers just above the daily 200MA as well as two AVWAPs.
The waves for the ABC pattern can be counted as complete although there remains the possibility of another wave down to complete the fifth of C. But there are enough waves in place to complete the pattern.
Is this all there is for the fourth wave? Or is this just the A of that fourth?
The price actions in the coming weeks will be telling.
@Captain's Treasure
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