Mid term view on Gold
Updated
This month is crucial for Gold, Staying above 1253 will see more up trending move to 1329, and heading 1450 to complete AB=CD pattern.
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daily chart: testing trendline resistance, should be careful.Comment
Daily chart update:It's obviously a false break out, will retrace 1251 once 1261 being broken in short term.
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holding shorts from 1272 till the NFP this Fri.Trade active
closed shorts, and longed small lots from 1265Comment
It reached 1273 in our mid night so we didn't take profits, the longs from 1265 was closed with break even.Trade active
long 1261 againComment
4H chart update:Likely test 1265 or 1270,then decide
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it's already hit short term tg:1270, now move sl to Breakeven.4H chart update:
NFP likely retrace 1265, go long from there if holds, for tg: 1274, 1293
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As we said in Aug 2, "once broke out 1261, will retrace 1251" it just hit the targeting entry in yesterday.4H chart update: add more longs at 1259
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1H chart update:short term retrace 1271, if holds, go long,if break 1271, will be possible to retrace 1267Comment
Retrace 1278-75 go long, for tg:$1293Comment
short term likely retrace 1253 againComment
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1H chart update:Short term retrace 1271 go long to 1283, then, short from 1283.5 to 1254
Mid term long from 1253-1254, if supported
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4H chart update:price just hit 0.886level at 1289.2 go u turn for some retracement.
likely pullback to 1281, crucial support at 1278
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4H chart:short term retrace 1284 go long for tg:1301-1310
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4H chart update:hit 1326, very close to our mid term tp1:1329, took some profits and wait for a retracement to add more longs
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