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erikarter
Jul 2, 2018 11:12 PM

Gold, time go Long. Long

TVC:GOLD1D
GOLD (US$/OZ)TVC

Description

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TVC:GOLD

This is my plan for Gold, just waiting for some kind of reaction on the blue zone.

Comment

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Better detail.

Comment

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Right on the spot

AB=CDBatbulishLONGGold
Comments
JulieMesaLopez
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Hi do you have any update ?
erikarter
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Hi @JulieMesaLopez, After making a Bearish Cypher Pattern the price is going down testing the resistance again.



I will wait for some kind of rejection like Pin Bar.

On the Day Chart:


if there is a rejection of Price this can be a Double Bottom. And we can expect price going Up again.
erikarter
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By the way I said Resistance but I mean Support...
JulieMesaLopez
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@erikarter, thank you so much! This is really helpful
erikarter
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Hi @JulieMesaLopez, Still no a valid Double Bottom for me... But at 4 hours Chart we have a bullish Shark Pattern already completed.



But at 1 hour chart we can a see bearish Flag Pattern ready to test the support again.



If the Support hold, then I will look for a possible long trade.


JulieMesaLopez
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@erikarter, thank you! I will keep an eye to go Long .
JulieMesaLopez
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Do you think is going to go down again?
erikarter
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Hi @JulieMesaLopez, Who Knows? But this is my thoughts.



As you can see the red trend lines act as support and resistance. I think that price will drop and bounce on the red trend line and blue zone? And go Up again to kale a Gartley Pattern. At least this is what I expect. :)
erikarter
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* Kale = Make :)
erikarter
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* Kale = Make :)
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