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UnknownUnicorn540299
Oct 20, 2017 7:25 PM

Road to FOMC in harmonic way at channels Long

FX_IDC:XAUUSD360
GOLD / U.S. DOLLARICE

Description

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refer to chart

Comment

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Its a big Bullish Gartley pattern targeting 1515 approx
Chart PatternsHarmonic Patterns
Comments
No_structure
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Higher highs and higher lows now seem reasonable. What do you think? You must considered the correction with Aud/usd
No_structure
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@giuseppe.grande, Correlation* with AUD/USD
UnknownUnicorn540299
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@giuseppe.grande, It all depends now on the strength of the cycles. Personally, yes, I believe a bull should see higher highs, but there is a severe risk we go down once again into December to test once more.
No_structure
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@viking83, The pattern on Aud/Usd will be broken if this view will happen. The Symmetrical triangle on Aud is the most important thing correlated to gold to see, for me.

See how this pattern has performed in the past...
UnknownUnicorn540299
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@giuseppe.grande,
No_structure
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@viking83, yes, if gold will follow Aud price, under 1270 should never go again.

Above 0.77 aud confirms a precious metal bull market.
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