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GOLD: Bullish - FLAG detected + Breakout of the range.
Gold Spot / U.S. Dollar
Long
GOLD: Bullish - FLAG detected + Breakout of the range.
By Le-Loup-de-Zurich
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Updated
Sep 2
5
Apr 12
GOLD: Bullish - FLAG detected + Breakout of the range.
1- A "Head Shoulders" has been detected and we did a perfect Take profit ( TP1) at 2 395$.
2- When we break a range the Take profit should be the Height of the range.
Then the TP2 is expected around 2 518$.
3- Plus we can also consider that the range is like a flag and then the TP3 ( green arrow) is expevted around 3 030$
The red horizontals are retracements regarding ICHIMOKU levels .
However a retracement Fibonacci gives a target lower around 2 100$.
Be careful
Apr 15
Trade active
May 20
Trade active
May 23
Trade active
Aug 26
Trade active
Sep 2
Trade active
Wolfe Wave still valid
Chart Patterns
FLAG
Gold
headshoulders
Technical Indicators
jamesdtouati
jameswolf
jameszurich
range
thewolfofzurich
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Trend Analysis
Le-Loup-de-Zurich
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