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