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  1. 07-06-2009, 05:37 PM #10
    arco
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    I don't think we know for sure if gold has finished the recent up-move, but it has broken below the steep up-trend line and is currently testing it. Here is a chart looking at a scenario where it might fall back. The chart should be self explanatory and shows a possible Gartley at around 850. The more shallow green slatted line is the long term up-trend.

    I cant see it dropping much lower that 850 if its doing a retrace.

    Last edited by arco; 07-06-2009 at 05:40 PM.
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