Traders, Long term Gold is bullish but it has not reached its short profit targets yet completely. Right it may give us a long opportunity before return back to the downward direction. Personally I have been waiting and taking caution in this market for last 1 and half weeks. I want to see a clear confirmation to buy or sell beyond the current FCPzone. Right now it has come back above FCP zone which may turn in to a buy opportunity as we planned earlier.
Follow the arrows for direction after a confirmation and horizontal lines and zones for targets and as support and resistance.
BTW, 4H Head and Shoulders pattern is not valid any more.
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Take care and trade well -Vik
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