Intro by Vince Lanci and Bon Scott for Soren K. Group
The pattern continues in Gold, with last week's move reaffirming the wave count Enda is using below. Friday's rally puts the market right above the high on the 30 minute chart established in the previous "5". The next "1" would be completed if gold pierced the $1271.21 level. After that, any retracement that holds $1259.78 further confirms a wave seeking final extensions to the $1550 area. A drop below $1247 at this point puts into question the pattern, but does not negate it.
How about Larry? Larry Edelson died last year. RIP
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