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Monday, July 20, 2015

Elliott Wave Update ~ 20 July 2015

Gold made a new low today as was predicted with the count.  The wave structure suggests a really big bounce is somewhere near.
Ideal Wilshire count would be:
Gold's long-term chart shows what could be solid horizontal price support at $1033-$1044 range. Sentiment is pretty bleak and that supports the notion of a strong multi-month rally.

Say what you will about my wave counting on the indexes over the last few years. However Gold, and the Dollar have been fairly solid counts that have worked out well over the long term..

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