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mikaranja

Gold forming a potential Head and Shoulders pattern.

Long
Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)  
mikaranja  
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns Head and Shoulders
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chartpattern headandshoulders
XAUUSD forming a potential Head and Shoulders pattern. Price is currently at the tip of the right shoulder. Again, the pattern is consolidated in a support region as such a potential bounce may be expected.
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