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JamesPowell
Nov 9, 2014 10:07 AM

Logical Gold supply zone Short

Gold/U.S. DollarFXCM

Description

price crossed a long held support area
Made small consolidation prior to doing so
Consolidated prior to European open
Dropped precipitously on or near the London open
I've outlined what I believe to be the nearest supply zone and when and if price returns to that price level it will once again be met with huge selling that will push price back down again.
Comments
IvanLabrie
Spot on ;)
JamesPowell


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