Gold, mid-term ABCD pattern analysis
The price seems ready for a retracement. It was overextended and it bounced on the resistance level created more than a year ago, volume is becoming bearish. The price has also completed a mid-term ABCD pattern. I think it's gonna retest the previous broken resistance level(1298).
The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.
The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.
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