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OnLine Cycle Analyst's Seminar - Trend and Price Swings- 11

Viewing Instructions:
Click on the Real Media Audio link below to begin; click Next to go to next chart. Before clicking on the audio link, allow the chart to fully load. If the charts do not download completely, right mouse click and choose "refresh".

GOLD WEEKLY
The most recent 18-week cycle bottom is indicated by the up arrow. The top of the first 9-week cycle is a swing high at 302.70. The bottom of the 9-week cycle is a swing low at 288.70. The price high the week of 11/20 is a swing high at 299.10. (This is all in the spot month). A drop below the 9-week cycle bottom at 288.70 in the nearby contract, or 290.70 in the Feb contract will have taken out a swing low indicating the downtrend should continue until the 18-week cycle bottoms, probably at least testing 285 in the Feb contract.

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