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This is a very quick update (seeing as I’m up managing the new membership) for the hourly chart for Gold.

The triangle has completed as expected. The sharp downwards thrust may possibly be about an hour away from ending.

Extend the triangle trend lines. The point in time at which they cross over may see a trend change. This often happens, and sometimes it is where the wave that follows the triangle (in this case minuette wave (c) ) comes to end.

Redraw the channel about minute wave ii. When this channel is clearly breached then minute wave iii may have started.

Gold hourly update 2013