This long trade may take a while to set-up and it may never come into fruition. However, if price does reach point D of the Cypher pattern shown on the chart, then we have a play.
I don't see a lot of structural support for the trade (not too much horizontal price support at point D), but I still see it as an attractive trade since I'm bullish on gold in the intermediate to long term (3 months to 6 years).
I don't see a lot of structural support for the trade (not too much horizontal price support at point D), but I still see it as an attractive trade since I'm bullish on gold in the intermediate to long term (3 months to 6 years).
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Spicing up a bit...still on watch.
