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Tontsake
Jan 20, 2015 6:31 PM

Bat pattern on gold Short

Gold/U.S. DollarFXCM

Description

There is possible BAT pattern forming on gold daily chart. Possible area for short entry is around 1300USD. Pattern can also be drawn from higher leg with adequate retracement and then possible reversal area is around 1320USD. However, this week is volatile for news and it could be possible that bull trend continues. Stay sharp and use your favourite entry technicues if you are planning to take short position.
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