TVC:GOLD   CFDs on Gold (US$ / OZ)
China still buy gold, so hard to say if this will be valid or not. But per technical we are on top violet wedge + top green trend + red top 6 year high. If this place is strong, then per wedge formation we can go hit TP1 what is 1270 where we hit very strong red daily support what you see on previous hits. Then expect huge bounce up to 1800 as if that red bottom hold, it can confirm possible big ascending triangle. Longer this way will be, then higher top we rill have as green range and wedge go higher per time and final top for this is 1500 with 300$ (3k pips) down. Above 1500 is target 1800. So this chart is for bigger balance, small fish please stay away gold, when china still buying gold.

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