Since the latest post for Xau/Usd, price has continued to rally in an explosive way. This is higher than i expected and price is now really stretching the long term count i've been following. There is a possibility for a head and shoulder pattern forming. This is would increase the chances that a top is in place. Should price go to a new high however, i will have to admit defeat and search for a new count.
Saturday, August 13, 2011
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