OANDA:XAUUSD   Gold Spot / U.S. Dollar
Since the 14th of this month Gold has had a decent bull run, nearly taking all gains since the start of November. Now however, it is believed that this run has exhausted itself out
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Price has set itself a beautiful expanding channel pattern with an accompanying ABCDE corrective sequence. As price currently sets on (E), we should see price slump down further
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The bear scenario is only accepted once price has broken and closed over the hourly trend-line
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Price is set to head for the 1190 area, while anything over the 1230.5 level is considered invalid
Nov 22
Order cancelled: No longer comfortable with current price action
I dont know why you Cancelled but it is getting ready to dro on my Radar toottps://www.
+1 Reply
WinterFieldFX lehlogonolo
@lehlogonolo, We should of spoken before hand! haha

We weren't happy with the way price was stalking higher, however in the end the analysis was correct and that is just as good for the heart!
Reply
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