Monday, April 27, 2009

Gold Topped, Should Accelerate Lower and FAST; April 27, 2009

Gold appears to have topped at the area of the previous wave 1 extreme at the 918 area. It should now decline in a wave (iii) of (3), so selling should be very fast and ferocious. A reluctance to selloff massively in the next couple days will call this current short term count into question.

I remain short with a stop at $950

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