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I would like to keep this post strictly Technical because Technical Analysis cannot be debated the way investors debate Gold as an investment from a fundamental perspective. There are numerous technical indications that Gold will rally. First would be trend resistance from the 2/1 Level of the Gann Fan along with the recent bounce off the ~$1050 Support level. The...
Idea is based upon Elliott wave theory supported by median line analysis. More info on the chart. Good luck
Reasons for Entry : - Good structure - Harmonic move - We can expect RSI OS, maybe divergance - ALT AB 161.8 - Bullish bat TP: AD FR 38.2 SL : Below PRZ