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CURRENT MARKET TREND: Up 5/27/16 @ 2090
Stop-loss 2026






Tuesday, July 30, 2013

Gold Short Term

I believe gold is consolidating in a B of 4 triangle on short term charts. After the next move up which would be the E wave of B we should drop in C of 4. The wave 1 high was 1265 so that is the wave count invalidation point on the chart. May as well put a sell stop at that number as well, and a buy stop at 1350 to catch a bullish breakout.

Chart:

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