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Myst_FX
Jan 31, 2015 3:26 AM

Gold: Building a case for breakout 

Gold/U.S. DollarFXCM

Description

Completing a Bearish Bat (Red) Pattern at 1307s along trend-line resistance (Yellow) provides a pullback down bellow support level at 1197s. If the support holds, momentum will continue its bullish push past Key resistance trend-lines (yellow and red) to complete a Bearish Butterfly (Blue) pattern, thereby providing a pullback to retest former Resistance trend-lines Turned Support before making Higher Highs.
Comments
Myst_FX
Nicely done! Target 1 hit at 0.382 Fib.
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