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mcpeacocks
Aug 8, 2018 3:03 PM

gold could be up for a significant drop Short

Gold/U.S. DollarFXCM

Description

just look at the 4hr chart - mild divergence, flag/triangle consolidation pattern and previous support levels.
IF this support level breaks and holds, there are few other levels below to stop a significant drop down to 1125 or even lower


this would coincide with the potential USD breakout to the topside - which is currently being limited by weekly Ma's:


Trade active

short triggered

Trade closed: target reached

waterfall! TP1 hit

otw to TP2
pulling stops to BE

Trade active

retracement couldnt break the 0.618 nor the 0.382
consolidating now
possibly adding to this with part of previous profits

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