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Gold Futures
Short

Gold: Complex Head & Shoulders Top

By andrewmit11
Gold just closed below the neckline of this complex Head & Shoulders top. This formation points to a potential sharp move lower. The measure rule indicates an initial profit target of $1210 which based on Bulkowski's statistical analysis is reached 46% of the time for this pattern.
Chart PatternsCommoditiesGoldHead and Shoulders
andrewmit11

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