i have drawn out a bat pattern awaiting completion for gold. this pattern has a completion at exact 38.2 retracement of daily charts on gold. now we all know 38.2 retracements are the magic number for trend continuation reversals and gold is obviously going to have a bullish year. this could be a great entry for the bullish year. trendline retest comes around that area too.
entry: 1192.50
take profits are multiple as this can be the turning point for gold markets and can lead to a position trade
entry: 1192.50
take profits are multiple as this can be the turning point for gold markets and can lead to a position trade
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slowly but surely gold is working its way down...
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might this be the killzone??? just wondering what are your thoughts for the gold killzone?
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hmmmm...
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nice little spinning top on gold. tomorrow i will sell some more.
David K Giraldo
