Double bottom of Gold
Updated
In daily timeframe, gold broke out of the descending channel and doing do formed a double bottom (almost a triple bottom ;-)), if we can see a pull back to 1735 it would be a good buy zone with TP of 1858.
Comment
If you have opened a buy position at 1737 i would recommend you to hold to it and wait for the target of 1858. It might take another two or three weeks.Comment
The price is going up and is near our target. It will probably reach the target within this week.Trade closed: target reached
Target reached on Friday Jan 6th.
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