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Gold "Upward Correction To Come"

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Jul 21 2010

Gold reached new lows over the past trading days as expected, after the upward corrective wave 4) found the top at 1218 region. Wave 5) already broke through the 1185 wave 3) lows, which means that a while five wave move of decline from 1265 top can complete very soon!! Traders must realize, that always when five waves are shown, a correction will be seen, which means that temporary bottom on gold could be extremely near. New short positions are not recommended in this zone!!

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