Gold

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Gold

GCM3 hit $1560 S/R and bounced back down. In my opinion GC is moving down to test 1526 and possibly $1504 by 04/08/13 price and time objective before a counter rally. (4 hr oscillators in oversold now, so an other test to $1560 may be possible before resuming the down trend.) GCM3 now trading $1550.5

$1560 is the "switch" Moving above the switch will void the above.

Will see, in due time the market will show us the way.

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