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YM.Chong
Jan 26, 2016 3:18 PM

Hey Traders, Relax, Let's Have a Cup of Tea (Gold) Long

Gold/U.S. DollarFXCM

Description

Potential Cup and Handle Shape in Gold with a breakout of resistance level at 1,100.
MACD showed a bullish sign as the signal stand above zero line and a rejected sell crossover signal.

Suggested Long after breakout of 1,100, TP 1,135 with cut loss at 1,090.

Would appreciate if you could comment for following analysis.
Comments
SpreadEagle71
Good market call
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