bkinniry
Long

Gold bloodbath phase ending?

FX:XAUUSD   Gold Spot / U.S. Dollar
The breakout to the south of the ABCDE triangle could be reversing very soon, as the longs have been scared out of their shares in a multi-day bloodbath, and now it is time to load up before the reversal. The mining shares have diverged from gold itself, as the same pattern is present in GDX , but sans bloodbath breakdown. If gold reverses into the triangle, the miners should be leading the way.

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