Gold Update: After the NFP, we take profit of the 1200 Long position at 1244. Now what I see is Gold is forming a Big Tri-angle, with a potential rally up to the Edge of the Tri-Angle. Use the Structure and Fib Level to help us identify where will the rally ends? 1263.87 is the Critical Price Level I would be very interested to watch the price action. Pay attention to the blue trend line as well 1220.50 will be a very good Target
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A trend continuation Pattern is targeting 1263 the 0.618 level
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Tomorrow There will be a live webinar 23:00 PM in Singapore 11:00 AM in NYK 16:00 PM in London yy.com/15565863 Recommanded to use CHROME as your browser try not to use firefox. I will cover some pairs in the webinar and give an introduction of my weekend's course. harmonicasia.com/pro-trader-course/
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It's coming! 1263.87, Look For Pin Bar or any bearish Pattern!
Warren Buffet bought gold and gold miners. Maybe others are following suit. It is interesting what he says. It doesn't mean he will be 100% correct, but we should prepare for the worst and be ready to buy or sell.
hir0406
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have you find any berish patter because i dont see sellers are coming with force to defend 1262-1265$ range. markets is like going in like side ways.......
arianto
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Jack what do you mean by two try rule?
Trendhopper
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He means a double top...you can short on the 2nd high...only it looks like the 2nd top was at 1261..which means its being shorted heavily...you can still enter trade on a pullback...when you get a green candle...look for trendline pattern...
arianto
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thanks
mlbo
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Guys, gold is a cunning market. place your SL wisely with some extra pips.
Proph1t
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i love your technical posts especially the more complex patterns like gartley, libra etc.
thank you for all your posts, keep going!
i think we are in a box pattern bordered by fib retraces
Boumrah
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are you still short sir ?i will wait for a breakout.