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InternalTraderNYC
Apr 24, 2014 3:21 AM

Gold Monthly Rising broadening pattern Short

Gold/U.S. DollarFXCM

Description

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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