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Gold Spot / U.S. Dollar
Long

Gold Inverse Head and Shoulders

By faris.makki
Updated
MACD cross over and oversold RSI at strong support level at 1300-1310. along with inverse head and shoulder pattern forming. Expecting a move to 1380 minimum if pattern is completed, especially with uncertainty in risky assets.
Comment
going well so far
snapshot
Comment
Some resistance today at 1335 which is completely normal and was expected. Could possibly see small pullback of $8-$10 which would take us to $1322-1324. From this point we can add longs and take it to newer highs hopefully.
Comment
snapshot

It's likely the time for the move
Comment
Price retrace back to trend-line and bounced off it
snapshot
GoldHead and ShouldersLONGMoving Average Convergence / Divergence (MACD)oversoldsupport
faris.makki
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