Tradeplicity

GOLD AT 5 YEAR OLD TRENDLINE

FX:XAUUSD   Gold / U.S. Dollar
92 0 3
I am neutral/short on Gold             and anticipate a move to around 1250-80 range. My longer term outlook is bullish on Gold             . I believe we are in a corrective structure and this correction could have few scenarios as outlined in the chart with the arrows. Near term short trade might be in play.

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