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Long

Gold forms Bullish Shark Pattern, good to buy at dips

FX:XAUUSD   Gold / U.S. Dollar
794 6 13
Harmonic Pattern - Bullish Shark pattern

Potential Reversal Zone (PRZ) - $1211

The commodity has broken major support $1235 and declined till $1225 at the time of writing. It is currently trading around $1227.

Short term trend is slightly bullish as long as support $1211 holds.

On the lower side minor support is around $1225 and any break below targets $1218/$1211 in short term.

The major resistance is around $1235 and any indicative break above targets $1245/$1252/$1255.

It is good to buy at dips around $1218-$1220 with SL around $1210 for the TP of $1251/$1255

thanks, i wish everybody were as clear on the explanation as you
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excellent analysis... Always a WINNER!!!
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The same sentiment. Maybe the same count.
Gold break Trend Line
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wth u guys try to make false butterfly pattern and give wrong hope to the people? if u really want to see butterfly then look at WTI chart last 2 months. thats called real Butterfly chart. dont just try to join all the lines and be analyst....u st***d F**r.
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Thats not a proper Harmonic Pattern....Thats not even a Gartley...those are not even the proper Gartley fibonacci ratios....Just thought id let you know.
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jmadrid.pom jmadrid.pom
Im sorry..i meant Shark pattern....thats still wayyyyy off. good luck with your trades
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