Gold may react opposite the general market direction however, and it could be argued that the gold chart has seen a clear 5 wave move down and is due for a bounce. It never reached the 61.8% fib, which could be interpreted as a sign of strength. The ascending triangle shown in this chart has a 70% upside breakout potential. The RSI still has room to go, sitting @ 60. Would like to see a move into the 70's or 80's!
Best of luck
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