Technician

Gold: Eyeing a Potential Three Drives

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
27
*Update: Stopped out...
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I am not sure if we will get there , but if we reach that shaded area a harmonic three drives pattern would complete at that level, which is also the 50 percent retracement for the latest bullish wave. My buy limit order is already there. Note that a break with stability below 1235 might negate this pattern

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My best regards
Technician
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