Gold
Panjang

Gold develops another double bottom for an opportunity

45
Continuing on from last idea. The direction pretty much played out exactly as anticipated and though it didn't hit the 2545 level it just shot up under this at around 2530 before correcting however the sequence did play out as drawn.

Gold price action shows another double bottom of support where it could provide an opportunity to enter a long trade and move within the support and resistance levels.

virtually the previous consolidations have shown a repeat pattern each time.

Penafian

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