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






Monday, August 26, 2013

Gold - Time to short with Elliott Hedged Wave Count

The 1410 area on gold seems like a good opportunity to take profit on the long position and get short. The bullish count calls for a wave 2 pullback while the bearish count calls for a new low. Here's the setup chart:



The stop-loss on this trade is 1430 with an open take profit level.

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