Gold - bearish

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I have 2 longer term counts for gold, one suggesting that the current corrections is a wave 4 and we can expect an upward wave 5 once this correction is over. The other count is much more bearish and suggests that we have just begun the C wave of a flat correction that began all the way back in 2011. However, whichever way I look at it, I see some downside for Gold going forward....

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ملاحظة

Unless....is this another possibility?