FX:XAUUSD   Gold/U.S. Dollar
Gold             presents very interesting pattern on daily charts . There is a clear pennant formation on a downtrend.
Pennants are continuation patterns. So a break to the downside could take this down to 1150 levels relatively shortly.

There are fundamental aspects that would support this move too. With the US on mend and Euro             area in tatters, strengthening on USD would be in order. That should take gold             down.

At this point it is wait and watch but one shouldn't miss this beautiful opportunity.
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