TerryHarmonicTrading
Long

Failed bearish Shark Pattern, Gold poised to rise further?

FX:XAUUSD   Gold/U.S. Dollar
Gold             completed a bearish shark pattern in mid May 2016.

Price reacted to that level.

1 month later, this level is retested and broken above.

Price action in the next few weeks is very important.

Any further strength, we could see Gold             back at 1350 or higher.

Any steep drop back below 1280 could prove the validity of this pattern and we could see Gold             trading below 1280 again.

Multi market analysis tells me that that Gold             should go higher.
Harmonic trader based in Singapore. Learned directly under the great Scott Carney. For FREE live trading webinars, trading resources and market analysis, please do visit my website at Harmonicforex.com
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