Gold Bullish Flag Fakeout / Ascending Broadening Price Pattern
Gold ascending broadening pattern and bullish flag fakeout... Following last week bullish flag fakeout and key reversal for gold, i have reason to believe that gold would retrace lower to the lower boundary of the ascending broadening triangle price pattern around 1700 or lower.. Would look for opportunity to short on any rally base on price action confirmation as far as price is below 1900 and 1910 zone on daily or weekly closing basis or sell stop below the low of the key reversal.
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