JohnGalt

Gold - preparing the ramp for the rocket

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
0
Unclear which support level stops the right shoulder. The bigger reverse shoulder-head-shoulder formation which was formed from April has been weakened by the losses of yesterday. What's definite is that the outlook is positive - Gold takes a run-up to break through the 1432 USD resistance in a single jump targeting at prices over 1500 USD/oz.
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