S&P is the place to look for direction in gold. If it begins climbing above 1900... the gold is going down.
HexVex
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Worked for me too. I'm out now. Too close to the apex for comfort. Been doing the H4 for a while now. Nothing unusual about buying and selling the pings off lower and higher ends of the trend lines.
ColeNed1
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in my opinion i wouldn't waste your time trying to find potential patterns. to many of them and often don't work out to the one you thought of (like in this case)
michaeljohn.e.cruz
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are you sure? do you want to see my profits? last week i sell and hit 1288... then buy limit at 1286 then hit 1300 my profit. it works for me maybe for you who don't understand this market. have a specialization...even though i don't use this chart...