InternalTraderNYC

Gold Monthly Rising broadening pattern

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
0
With a massive move up in Gold since 2001, Looks like the bearish broadening pattern is taking shape. From the base of the pattern 2001 to the 2011 high point... A bearish move has potential to visit 900 or a deeper dive to 650. It may take some time but the pattern signals that bears are lurking around the corner.
Trade active:
Trade still active and should still plummet in the future. (Patience is the factor in this trade).

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