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EmileLetellier

Go bearish if it doesn't break the 1260$ level

Gold Spot / U.S. Dollar (FX:XAUUSD)  
EmileLetellier  
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold short Bullish Patterns Bearish Patterns double TOP
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gold short bullish bearish double top
Gold has a strong tendency to bounce on the 200 EMA. It happened many times in the last year. If gold can't break through that 200 MA, I would short it. Because if it doesn't cross, There wil be the formation of a Double top pattern, which is a bearish indicator. I am presently bullish on gold (GDX), but if we can't get through that 1260$ level, I'll go fully bearish (DUST).

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