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pixi
Mar 9, 2016 7:42 PM

Gold Wedge Short

Gold/U.S. DollarFXCM

Description

Gold is drawing an ascending wedge.
I'm expecting a BO of this wedge to complete a Cypher bullish pattern on 1207/1210$ then a pullback on the wedge combined with a 0.618 retracement.

First target the lower TL of the wedge.

I keep this scenario as long as prices are rejected by 1260$.
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