veyhaywood's Blog

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XAU/USD

The GOLD finish my ABC sell pattern and touch the resistance about (C point) about 1480.20 in conjunction with 50% of Fibonacci retracement Now i aspect the return in area 1336.50 and then a small return about 1370/80 to continue the downtrend and break down the area 1336.50 to make a new low near 1180.About the 4H chart the break down of daily pivot open the way to S1 first (1351.50) and then to 1336.50
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Gold

GOLD complete the ABC sell pattern and now 1336.50 is more attractive for price this is the first target. In 4H chart the price is near the daily pivot. if broken the way for S1 is open for it's first traget
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