TheAnonymousBanker

[GOLD] REBOUND?

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Finally let's talk about gold because the yellow metal may have run out its bearish movement. The bearish impulsive structure (12345) should be completed around 1,115/1,120 (SPECULATIVE BUY OPPORTUNITY), from this area, we expect a technical rebound. The trend to follow is very simple, on daily chart the price is expected to reach 1,115, and form something like a "hammer" if so it will be, we will see a technical rebound on gold.


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Consolidation in play?
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